BP announces new discovery in Egypt’s East Mediterranean
The discovery is located 12 kilometres from the shoreline
Niger Delta crisis escalates
Nigeria's oil-dependent economy is under siege from militants who are targeting oil…
NBE considers granting EGP 7bn to economic sectors in coming period: deputy chairperson
The bank settled EGP 2bn of non-performing debts from July 2015 until…
Royal Dutch Shell’s profit evaporates amid oil price slide
The Anglo-Dutch energy giant saw its after-tax profit reduced to a trickle…
Balance of Payments overall deficit rose to $ 3.4bn during six month of FY 2015/2016
Net inflows of foreign direct investment in Egypt rose from $ 2.6bn…
Decline in oil prices expected to affect emerging economies
Meanwhile, the expected budget deficit in the Gulf states’ will speed up…
Investors are doubtful about return oil prosperity
Approximately 46% of participants said they believe oil will not rise to…
Oil and Gas Player Venturesinto Power Sector
Edison is building Egypt’s first-ever electricity-generation facility financed by private-sector funds and…
Iran snubs oil giants, but optimism prevails
All eyes were on Iran as international leaders and global markets alike…
Turkey involved in illegal oil trade with ‘Islamic State’ militants: Russia
Russia intends to destabilise the Turkish state by putting it on the…
