petroleum

Petroleum Minister, EU officials meet to boost cooperation in energy projects
Business

Petroleum Minister, EU officials meet to boost cooperation in energy projects

Petroleum Ministry Tareq el-Molla met with Christian Danielsson, Director-General for European Neighbourhood Policy and Enlargement Negotiations, and Ivan Surkos, Head of the European Delegation…
Oil prices edge lower on doubts over production cut deal
Business

Oil prices edge lower on doubts over production cut deal

Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about…
VAT will not increase gasoline, diesel prices: GPC
Business

VAT will not increase gasoline, diesel prices: GPC

The chief executive of the General Petroleum Corporation, Tareq al-Hadidy, has denied that the looming introduction of a Value-Added Tax…
Egypt signs exploration deals with US and Cyprus firms
Business

Egypt signs exploration deals with US and Cyprus firms

Egypt's minister of petroleum and mineral resources has signed two agreements for oil and gas exploration in upper Egypt with…
No balance: oil markets still oversupplied, now growth is stuttering
Business

No balance: oil markets still oversupplied, now growth is stuttering

Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over…
Global oil market to reach supply-demand balance by end of 2016: BP
Business

Global oil market to reach supply-demand balance by end of 2016: BP

The global oil market will reach the balance of supply and demand by the end of the year, BP head…
Oil falls as investors cash in on month-long gains
Business

Oil falls as investors cash in on month-long gains

Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact…
Egypt seeks petrol self-sufficiency by 2020: official
Business

Egypt seeks petrol self-sufficiency by 2020: official

Vice-Chief of the Egyptian General Petroleum Corporation for Operations Amr Mostafa has announced a plan that includes several petroleum projects…
Egypt’s Midor signs US$1.2 billion loan agreement
Business

Egypt’s Midor signs US$1.2 billion loan agreement

Egypt's state-owned Middle East Oil Refinery Company (Midor) has signed an initial loan agreement with three banks for US$1.2 billion,…
As Big Oil shrinks, boards plot different paths out of crisis
Business

As Big Oil shrinks, boards plot different paths out of crisis

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted…
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