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Business
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Economy
12/8/2023 2:31:42 PM
The Emirati energy company Mubadala is seeking to inject new investments in Egypt, CEO Mansoor Al-Hamed stated on Thursday during a meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Business
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Energy
12/4/2023 10:14:51 PM
Egypt is set to develop a “detailed roadmap” to reduce methane emissions, the country’s Minister of Petroleum and Mineral Resources Tarek El-Molla said at the COP28 climate summit in Dubai.
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Business
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Energy
11/29/2023 1:40:26 PM
Emirati energy company Dana Gas announced plans to invest an additional $43 million in its operations in the Egyptian market over the coming year, according to CEO Richard Hall on Wednesday.
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Business
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Economy
11/27/2023 4:48:24 PM
Egypt’s manufacturing and extractive industries (excluding crude oil and petroleum products) contracted by 3.86 percent on a monthly basis in September, according to the updated data of the manufacturing and extractive index by the official statistics agency (CAPMAS).
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Business
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Tech
11/9/2023 3:10:16 PM
Egypt’s Ministry of Petroleum and Mineral Resources signed three cooperation agreements with Huawei, a leading information and communication solutions company, to promote Egypt's digital transformation, read a statement on Wednesday.
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Business
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Energy
11/3/2023 3:54:33 AM
The Ministry of Petroleum announced on Friday that it is raising fuel prices for various octanes while keeping diesel prices unchanged.
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Business
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Economy
10/8/2023 5:16:00 PM
Egypt’s trade deficit declined by 23.59 percent during the fiscal year 2022/2023, primarily due to a significant decline in non-oil imports, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
10/6/2023 12:27:14 PM
The government will offer shares in state-owned petrochemical companies and Wataniya fuel stations in the next two months, stated Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Business
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Economy
9/30/2023 6:47:22 PM
Egypt has converted 507,000 vehicles to run on natural gas as part of its national initiative meant to replace old cars that use traditional gasoline, the Ministry of Petroleum and Mineral Resources stated Thursday.
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Business
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Energy
9/26/2023 3:10:30 PM
Egyptian Natural Gas Holding (EGAS) awarded four exploration contracts in the Mediterranean and Nile Delta to foreign companies, with minimum investments of $281 million and $7.5 million in signing grants, according to a Tuesday statement.
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Business
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Economy
9/26/2023 11:58:00 AM
Egypt’s state-owned oil companies launched an international tender for exploration contracts in 23 new areas, according to a statement by the Ministry of Petroleum and Mineral Resources on Monday.
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Business
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Economy
9/24/2023 2:55:39 PM
Egypt has revised up its projected total investments in oil and natural gas to $9 billion (EGP 277 billion) during the fiscal year 2023/24, according to Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Business
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Economy
9/23/2023 8:10:11 PM
ADNOC Distribution, the UAE's largest fuel and retail distributor, inaugurated its first fuel service station in Egypt, read an official statement by the Ministry of Petroleum on Saturday.
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Business
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Energy
9/20/2023 2:48:28 PM
Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with BG International, a subsidiary of Shell, to acquire 40 percent of Shell Egypt’s Nile Delta offshore block three.
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Business
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Economy
9/18/2023 2:22:19 PM
Gas production in the giant offshore Zohr field went down by 11 percent in fiscal year 2022/2023, Egypt's Petroleum and Mineral Resources Ministry stated on Monday.
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Business
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Markets & Companies
8/29/2023 7:01:07 PM
Egypt energy company TAQA Arabia has submitted a non-binding agreement to acquire fuel stations owned by Wataniya Petroleum, according to a bourse filing on Tuesday.
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Business
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Energy
8/29/2023 1:45:31 PM
Global energy giant British Petroleum (BP) is planning to invest $3.5 billion in the exploration and development of natural gas resources in Egypt over the next three years, CEO Bernard Looney stated on Monday.
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World
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International
8/27/2023 10:02:46 PM
Prosecutors opened an inquiry Sunday into two explosions at an unlicensed liquefied petroleum gas filling station that left two people dead and 56 people injured north of Romania's capital Bucharest at the weekend.
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Business
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Energy
8/22/2023 2:00:04 PM
Cairo-based Cheiron Petroleum Corporation announced a new oil discovery in Egypt's Geisum and Tawila West Concession in the Gulf of Suez, according to a statement by the Ministry of Petroleum and Mineral Resources on Tuesday.
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Business
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Energy
8/3/2023 11:11:26 PM
Three major international oil companies have announced a resumption of their operations in Libya after a 10-year absence, the Libyan National Oil Company said on Thursday.
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