Tag: Oil

Libya’s largest oil field shut down

El Sharara oil field is located at the south-western Murzuq Desert.

Logyn Sherif Logyn Sherif

Government hedges against oil price increase at under $70 per barrel

Renewal of hedging contracts every 3 months with review of oil value…

Mohamed Adel Mohamed Adel

Oil prices slightly regain ground, Brent reaches $64.93 per barrel

Price recovery backed by supply tightening, future disruptions due to Gulf tensions,…

Mohamed Samir Mohamed Samir

Turkey urges Greek Cypriots to accept oil drilling plan

FM Cavusoglu, urged Greek Cypriot government to accept cooperation plan on drilling

Daily News Egypt Daily News Egypt

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 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 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 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 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 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 Mohamed Adel