oil

Israel shuts Mediterranean shore after oil devastates coast
Middle East

Israel shuts Mediterranean shore after oil devastates coast

JERUSALEM (AP) — Israel closed all its Mediterranean beaches until further notice on Sunday, days after an offshore oil spill…
Petroleum ministry launches tender on new ‘Egypt Upstream Gateway’ digital platform
Business

Petroleum ministry launches tender on new ‘Egypt Upstream Gateway’ digital platform

The Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla announced the launch of an international tender for oil and…
Iran asks Indonesia to explain seizure of tanker accused of illegal oil transfer
Middle East

Iran asks Indonesia to explain seizure of tanker accused of illegal oil transfer

DUBAI/JAKARTA (Reuters) – Iran has asked Indonesia to provide details about the seizure of an Iranian-flagged vessel, Iranian Foreign Ministry…
Prime Minister: Egypt to be self-sufficient in petroleum products by 2023
Egypt

Prime Minister: Egypt to be self-sufficient in petroleum products by 2023

Egypt’s Prime Minister Mostafa Madbouly on Sunday assured that the country will achieve complete self-sufficiency in petroleum products by 2023.…
Ship insurers primed to raise rates after Red Sea attacks
Middle East

Ship insurers primed to raise rates after Red Sea attacks

LONDON (Reuters) – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea…
Brent oil rises to highest since February after Saudi Arabia output cut
Middle East

Brent oil rises to highest since February after Saudi Arabia output cut

TOKYO (Reuters) – Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make…
OPEC, allies adjourn meeting over oil production levels
Middle East

OPEC, allies adjourn meeting over oil production levels

FRANKFURT, Germany (AP) — Members of the OPEC oil cartel and allied countries including Russia on Monday adjourned a meeting…
Iran starts 20% uranium enrichment, seizes tanker in strait
Middle East

Iran starts 20% uranium enrichment, seizes tanker in strait

DUBAI, United Arab Emirates (AP) — Iran on Monday began enriching uranium up to 20 percent at an underground facility…
Egypt’s Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell
Business

Egypt’s Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell

The Egyptian Ministry of Oil and Mineral Resources has signed two production-sharing agreements (PSC) with Dutch Oil Company Shell for areas…
Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas
Business

Egypt signs 9 oil and gas exploration agreements for Mediterranean and Red seas

Egypt’s Minister of Petroleum and Mineral Resources, Tarek el-Molla, signed on Friday nine new agreements to search for oil and…
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