Sunday 23 Feb

oil

Kuwaiti investments in Egypt reach $4.5 billion
2025/02/02

Kuwaiti investments in Egypt reach $4.5 billion

Minister of Investment and Foreign Trade, Hassan El-Khatib, has begun a visit to Kuwait to participate in the inaugural meetings of the joint Egyptian-Kuwaiti Trade...

Dragon Oil finds oil in East Crystal 1 well in Gulf of Suez
2025/01/29

Dragon Oil finds oil in East Crystal 1 well in Gulf of Suez

The Ministry of Petroleum and Mineral Resources announced today, Wednesday, the successful drilling of the exploratory well 'East Crystal-1' in the Gulf of Suez, carried...

Local oil companies, Saudi Al-Qahtani Group sign agreements
2025/01/14

Local oil companies, Saudi Al-Qahtani Group sign agreements

Minister of Petroleum and Mineral Resources, Engineer Karim Badawy, witnessed the signing of two framework agreements for cooperation between the Saudi company Abdel Hadi Al-Qahtani...

Oil prices surge on new US sanctions against Russia
2025/01/14

Oil prices surge on new US sanctions against Russia

Oil prices surged to a four-month high on Tuesday as Chinese and Indian buyers sought alternative suppliers following the latest round of stringent US sanctions...

BP drilling success at Riffan, expands Med exploration
2025/01/12

BP drilling success at Riffan, expands Med exploration

The Egyptian Ministry of Petroleum and Mineral Resources announced that BP has successfully completed drilling and well completion operations for two additional wells at the...

Oil prices decline further
2025/01/09

Oil prices decline further

Oil prices extended losses on Thursday, following a decline the previous day. This downturn was primarily attributed to a significant surge in U.S. fuel inventories...

Trump attacks Britain over new energy profits tax
2025/01/05

Trump attacks Britain over new energy profits tax

US President-elect Donald Trump criticized the UK's windfall tax on oil and gas producers in a social media post on Friday, adding to criticism launched...

Oil prices edge up, Brent crude at $74.69
2025/01/01

Oil prices edge up, Brent crude at $74.69

Oil prices edged higher Tuesdau but are poised to close out their second consecutive year of decline. This decline is attributed to a slowdown in...