petroleum

Egypt’s energy quagmire could sink Sisi
World

Egypt’s energy quagmire could sink Sisi

Egypt's army chief, Field Marshal Abdel Fattah al-Sisi, won vast popularity by crushing the Muslim Brotherhood, but even a man…
Yemen tribesmen blow up oil pipeline after checkpoint killing
World

Yemen tribesmen blow up oil pipeline after checkpoint killing

Tribesmen in Yemen's restive Hadramawt province blew up a major oil pipeline in retaliation for the killing by the army…
Egypt preparing timetable for energy debts
Business

Egypt preparing timetable for energy debts

Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the country,…
Sources: curfew delays fuel supply to stations
Business

Sources: curfew delays fuel supply to stations

Despite the availability of oil and diesel surplus, long curfew hours have been delaying the delivery of supplies to oil…
Shell closes Egypt offices, curbs business travel there
Business

Shell closes Egypt offices, curbs business travel there

Europe's top oil company Royal Dutch/Shell has closed its offices in Egypt for the next few days and restricted business…
Oil hits four-month high as Egypt stokes supply fears
Business

Oil hits four-month high as Egypt stokes supply fears

Brent oil prices climbed above $111 per barrel to a four-month high on Thursday on fears that escalating violence in…
Egypt considering nine fuel exploration offers, minister says
Egypt

Egypt considering nine fuel exploration offers, minister says

Nine international companies have submitted offers for oil and gas exploration projects in Upper Egypt, Anadolu news agency quoted Petroleum…
Egypt to issue schedule next month for gradual fuel subsidy cuts
Business

Egypt to issue schedule next month for gradual fuel subsidy cuts

Egypt aims next month to issue a schedule of gradual rises in the subsidised prices various industries pay for fuel,…
Egypt says awards oil, gas prospection contracts
Egypt

Egypt says awards oil, gas prospection contracts

Egypt said on Tuesday it awarded contracts for a minimum investment of $1.2 billion in eight oil and gas prospection…
Central Bank: Egypt can meet import needs
Business

Central Bank: Egypt can meet import needs

Egypt can meet its demands for petroleum and food imports, despite its troubled economy, according to Central Bank of Egypt…
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