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Energy
Sri Lanka cuts electricity tariffs by 20%
The Sri Lankan government has agreed to lower electricity tariffs by an average of 20 per cent.
Egypt mulls upgrade of fuelless units at Attaqa power plant
Egypt's Minister of Electricity and Renewable Energy, Mahmoud Esmat, visited Attaqa Steam Power Plant in Suez to…
Libya targets $4b investment to boost oil output
Libya requires $3-4 billion to increase its oil production to 1.6 million barrels per day (bpd), Acting Oil and Gas…
BP to begin gas production from new wells in Egypt’s Raven Field by Feb – PM
UK oil major BP Plc is poised to begin gas production from two newly completed wells in the Raven Field off Egypt’s…
Eni to resume drilling at Zohr Field before Jan-end; says Egypt’s PM
Egypt's Prime Minister Moustafa Madbouly announced on Thursday that Italian oil major Eni will resume drilling…
PM: ExxonMobil’s new gas find in Egypt signals bright future for West Mediterranean…
Egyptian Prime Minister Moustafa Madbouly has hailed ExxonMobil's latest natural gas discovery off the coast of…
Egypt’s PM unveils 105 new oil, gas wells in 6 months
Egyptian Prime Minister Moustafa Madbouly announced on Thursday the drilling of 105 new wells in the past six…
URGENT: ExxonMobil Egypt discovers gas-bearing reservoirs in N. Marakia Block
ExxonMobil Egypt (Upstream) Limited has successfully completed the drilling of the Nefertari 1 well in the North…
Barrick Gold eyes new investment opportunities in Egypt’s gold mining sector
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawy, held discussions on Wednesday with Mark Bristow,…
OPEC+ leaves ’25-26 oil forecast unchanged
OPEC+ forecasts global oil demand to remain unchanged at 1.4 million barrels per day (mb/d) for both 2025 and 2026,…