Sunday 24 Nov

oil

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,...

Decreased demand drives oil prices lower
2024/09/04

Decreased demand drives oil prices lower

Oil prices fell slightly on Tuesday, having declined by nearly 5% the previous day. The potential resolution of Libya's political turmoil shifted attention back to...

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...

Oil prices soar after Israeli strike on Hezbollah
2024/08/26

Oil prices soar after Israeli strike on Hezbollah

Oil prices soared following an Israeli airstrike on Hezbollah targets in southern Lebanon, escalating tensions in the Middle East. Brent crude climbed to $80 per...

Oil prices steady amid Iran focus
2024/08/16

Oil prices steady amid Iran focus

Oil prices stabilized after a tumultuous week influenced by conflicting factors. Strong US economic data countered concerns over slowing Chinese demand and potential Middle East...

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...

Apex American Petroleum to boost investments in Egypt
2024/07/29

Apex American Petroleum to boost investments in Egypt

Engineer Karim Badawy, Minister of Petroleum and Mineral Wealth, discussed with Tom Maher, President of the American company Apex, the company's role in Egypt and...