petroleum

Govt announces first petroleum services company in Sinai
Business

Govt announces first petroleum services company in Sinai

Minister of Petroleum Sameh Fahmi has announced the establishment of the first petroleum services company in Sinai. Half of the…
Finance Minister: Govt to raise energy prices over coming 5 years
Business

Finance Minister: Govt to raise energy prices over coming 5 years

The government plans to liberalize energy prices over the course of the next five to seven years in an effort…
NDP official: Energy subsidy reductions still subject to debate
Business

NDP official: Energy subsidy reductions still subject to debate

The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within…
Ruling party calls for abolishment of petroleum subsidy
Business

Ruling party calls for abolishment of petroleum subsidy

 The energy committee of the National Democratic Party has called for the abolition of the subsidies on petroleum products over…
Govt signs agreements with oil giant Eni
Business

Govt signs agreements with oil giant Eni

Italian oil company Eni recently signed two agreements with the Egyptian General Petroleum Authority and the Egyptian Holding Company for…
NDP official: Subsidy increase imprudent
Business

NDP official: Subsidy increase imprudent

A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit.…
Gas exporters agree to raise prices
Business

Gas exporters agree to raise prices

Participants in the Forum of Gas Exporting Countries meeting in Wahran, Algeria agreed to both raise gas prices and to…
Industry and petroleum ministries squabble over gas shares
Egypt

Industry and petroleum ministries squabble over gas shares

The Ministry of Trade and Industry is criticizing the Ministry of Petroleum for using extra gas shares that were appropriated…
OPEC likely to maintain current oil output
Business

OPEC likely to maintain current oil output

OPEC is not expected to make any fundamental change in output at its next meeting, Qatar's oil minister was quoted…
Petroleum ministry denies diesel shortage
Egypt

Petroleum ministry denies diesel shortage

Sufficient amounts of diesel are available on the local market as planned, said the Ministry of Petroleum, despite recent overcrowding…
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