New oil discovery in Western Desert
The new well discovered by IPR is expected to produce 12,000 barrels…
Shell renews contract with Artoc Auto Egypt five more years
Shell will supply Artoc Auto with its synthetic oil, which has cleansing…
Iran oil, energy investment sanctions still in force : US
Iran and six world powers reached a breakthrough deal early on Sunday…
Wheat stocks sufficient until March: Minister
2.3 million tonnes of wheat were purchased, Abu Shady states
Ministry of Electricity attempting to overcome energy challenges
The government is studying alternatives to gas usage, investments with foreign companies…
Minister of Petroleum signs nine agreements with $470m in investments
Agreements are the first to be signed since 2010
OPEC oil output hits 2-year low in October
OPEC's supply averages 29.90 million barrels per day, down from a revised…
Kuwait emir says ‘old concepts’ must change, urges reform
The emir's announcement comes a day after the government said it planned…
Oil-rich Kuwait warns welfare state unsustainable
The programme up to the 2016/2017 fiscal year aims to review subsidies,…
Oil hits 3-month low as market awaits delayed US data
It later stood at $99.95, down 86 cents compared with Friday's close.