petroleum products

Oil products from Aramco arriving on schedule: Petroleum Ministry
Business

Oil products from Aramco arriving on schedule: Petroleum Ministry

The Petroleum Ministry said on Tuesday that it has started receiving shipments of refined oil products ordered from Saudi Aramco,…
Saudi Aramco informed Egypt about suspending oil product supply: official
Business

Saudi Aramco informed Egypt about suspending oil product supply: official

Saudi Aramco informed the Egyptian General Petroleum Corporation, Egypt's state oil company, in early October that it would halt the…
Report: Govt reduces energy subsidies by 40%
Economy

Report: Govt reduces energy subsidies by 40%

A recent report issued by the Cairo Center for Economic Studies on energy subsidies has shown that the government has…
Source: ADNOC to start monthly oil product deliveries to Egypt next week
Egypt

Source: ADNOC to start monthly oil product deliveries to Egypt next week

State-run Abu Dhabi National Oil Company (ADNOC) will start monthly deliveries of $400 million of petroleum products to Egypt from…
UAE to provide Egypt with loan to purchase petroleum products
Business

UAE to provide Egypt with loan to purchase petroleum products

Tareq al-Mulla, executive chief of the Egyptian General Petroleum Corporation (EGPC), said the United Arab Emirates agreed to provide Egypt…
Official: New budget likely to be approved Sunday
Egypt

Official: New budget likely to be approved Sunday

Prime Minister Ibrahim Mehleb submitted the new draft budget to President Abdel Fattah al-Sisi on Sunday.  Sisi had rejected an earlier…
IEA: US to overtake Saudi as top oil producer
World

IEA: US to overtake Saudi as top oil producer

The United States will overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy…
Finance Ministry provides additional funding for wheat, petroleum subsidies
Business

Finance Ministry provides additional funding for wheat, petroleum subsidies

Finance Minister Momtaz al-Saeed decided to provide the Ministry of Supply and Internal Trade with LE1 billion to disburse payments…
Supply minister negotiating US$1 bn loan for wheat, petroleum products
Business

Supply minister negotiating US$1 bn loan for wheat, petroleum products

Egypt is currently negotiating with the Saudi Arabia-based Islamic Development Bank over a US$1 billion loan for wheat and petroleum…
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