Tag: Oil

$150m decline in foreign partners’ shares in Egyptian oilfields

Expectations of lower Brent price globally due to increased supply: source

Mohamed Adel Mohamed Adel

Oil price plummeting relieves pressure on Egypt’s budget

Recent geopolitical events have sparked key role in decreased prices

Ahmed Lamloum Ahmed Lamloum

Dana Gas production in Egypt fell by 5,100 barrels of oil equivalent

First deep sea well to be drilled in sector 6 early next…

Mohamed Adel Mohamed Adel

US sanctions: Iran vows to sell oil, resist US 'economic war'

Iran has vowed to skirt US sanctions and keep exporting oil. The…

Deutsche Welle Deutsche Welle

15% cut in oil, gas production costs in Egypt

Work programme developed with companies to increase reliance on domestic production: source

Mohamed Adel Mohamed Adel

Foreign partners’ share in petroleum fields increases to $750m on monthly basis

Increase in oil prices globally. linking new wells to production are reasons:…

Mohamed Adel Mohamed Adel

Petroleum products subsidies up by EGP 10bn in Q1 2018/19

20% increase in barrel price than estimated by state budget

Mohamed Adel Mohamed Adel

India’s currency tumbles amid rising oil prices

The Indian rupee has turned out to be Asia's worst-performing currency this…

Deutsche Welle Deutsche Welle

Oil traders expect return of $100 crude for first time since 2014 amid Iran sanctions

Problem not only concerning Egypt, but also concerning all petroleum market globally,…

Nehal Samir Nehal Samir

BP, EGPC sign $46m agreement for oil, gas exploration in Gulf of Suez

The Egyptian General Petroleum Corporation (EGPC) signed an agreement with the energy…

Daily News Egypt Daily News Egypt