Friday 22 Nov

oil

Brent Crude hits $73 as geopolitical tensions escalate
2024/09/30

Brent Crude hits $73 as geopolitical tensions escalate

Oil prices have surged amid heightened geopolitical tensions and uncertainty. Following Israel's assassination of Hezbollah leader Hassan Nasrallah, the market is closely watching Iran's retaliation....

UAE’s Mubadala interested in Egypt's Mediterranean gas tender
2024/09/07

UAE’s Mubadala interested in Egypt's Mediterranean gas tender

Engineer Karim Badawy, Minister of Oil and Mineral Resources, stressed the distinguished relations between Egypt and the Emirates. He emphasized that investments in the energy,...

Taqa Arabia Egypt's oil discovery surges to 12,000 barrels daily
2024/09/02

Taqa Arabia Egypt's oil discovery surges to 12,000 barrels daily

A recent oil discovery in Egypt has shown promising results during flow rate testing, indicating its potential for commercial production. This significant milestone is expected...

New oil discovery announced in the Western Desert
2024/08/28

New oil discovery announced in the Western Desert

Khalda Petroleum, representing the American Apache Corporation and the Egyptian General Petroleum Corporation, announced, Tuesday, a new oil discovery in the West Fayoum-1 area of...

Egypt to build new wind farm with Masdar investment
2024/08/08

Egypt to build new wind farm with Masdar investment

Ministry of Electricity and Renewable Energy is poised to sign an agreement with Abu Dhabi Future Energy Company (Masdar) this quarter to initiate a wind...

80,000 tons fuel oil arrive at Sokhna Port for power boost
2024/07/10

80,000 tons fuel oil arrive at Sokhna Port for power boost

Ein Sokhna Port today welcomed the largest fuel oil carrier to ever dock at the port, with a capacity of 80,000 tons. This marks a...