Tag: Oil

Government reviews oil hedge rates after sudden fall in oil prices

State budget bore $5 difference in price of barrel for JP Morgan,…

Mohamed Adel

Eni completes gas processing plant with capacity of 3.2bn scf/day

Project’s investments are estimated at $5bn, says source

Mohamed Adel

Oil surges above $72 per barrel awaiting regional political movements

Bank of America expects Brent to rise to $90 per barrel

Mohamed Adel

Oil prices jump $0.90 per barrel, following Aramco pipeline, two Saudi oil tankers attacks

Political moves resulting from these attacks will affect oil market, says expert

Mohamed Adel

Saudi oil-pumping stations attacked by drones

Houthi-run Al-Masirah TV cited military official saying seven drones staged attacks on…

Daily News Egypt

Egypt to renew oil hedging to shield against oil prices fluctuations: Minister of Petroleum

Renewal is essential to secure subsidy allocations from price changes, says El-Molla

Mohamed Adel

Oil jumps to $73.60 as US announces return of sanctions on Iran

An oil barrel will cost $75 before end of this month..,hedging will…

Mohamed Adel

United Energy Group acquires Kuwait Energy for $650m

Shalakany acted as sole buy side legal advisor for all Egyptian assets…

Daily News Egypt

Oil price exceeds $70 per barrel due to clashes in Tripoli

We cannot predict oil price due to political fluctuations, says OPEC

Mohamed Adel

Oil price increases to $67.60 supported by extending production cuts for June, US sanctions

Fair oil price in international markets is $60 per barrel, says EGPC’s…

Mohamed Adel