Egypt’s Badr Petroleum beats output target, El Hamra Port expands
Egypt’s Badr Petroleum Company achieved 143 per cent of its 2024/2025 production target, averaging 6,440 barrels of…
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crude oil
Egypt reports 49 new oil, gas discoveries in FY 2024/25
Egypt’s petroleum sector made 49 oil and gas discoveries in fiscal 2024/25, signed 11 exploration and production…
Syria ships first oil cargo in 14 years
Syria has restarted oil exports for the first time in 14 years, sending a 600,000-barrel cargo of heavy crude from…
Egypt’s Assiut Refinery reports higher output
Assiut Petroleum Refining Company announced that it processed over 3.1 million tons of crude during the 2024/2025…
ETA denies dispute with oil companies over VAT on crude oil
Egypt’s Tax Authority (ETA) denies reports of a dispute between the government and oil companies over the…
Iraq, Chevron sign initial agreement on Nassiriya oilfields
Iraq has reached a preliminary deal with US energy giant Chevron to develop the Nassiriya project, which includes…
Egypt speeds up Al-Hamra Port expansion
Egypt’s Petroleum and Mineral Resources Minister Karim Badawi reviewed expansion works at Al-Hamra Petroleum Port…
Oil prices edge up on Monday
Oil prices rose on Monday as markets responded positively to a new US-EU trade deal and prospects of an extended…
2 tankers collide, catch fire near Strait of Hormuz
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, a strategic waterway where…
URGENT: GPC announces new discovery in Abu Sennan
Egypt's General Petroleum Corporation (GPC) has made a new oil discovery, GPR-1X, in the mature fields of the Abu…