Egypt agrees on oil exploration deal with LukOil Overseas
The Egyptian Cabinet approved a draft law giving permission to the Ministry of Petroleum to sign a contract with…
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Ministry of Petroleum
Egypt produces 2.4bln cu ft. of natural gas a day in Zohr field – ministry
Egypt produced 2.4 billion cubic feet of natural gas per day for the last year from Zohr field, said the Egyptian…
Egypt launches 1st int’l bid to develop 8 aging oilfields – minister
Egypt launched the first international bid of its kind for developing the aging oilfields through Egypt Upstream…
Egypt waives EGP 5.3 bn-worth of natgas arrears owed by factories
Struggling state-owned and private sector factories will not have to pay 5.3 billion Egyptian pounds in overdue…
Egypt hikes natural gas prices for homes by 34% in IMF-backed scheme
Egypt said on Friday it was raising the price of natural gas for home and commercial use by 20-34 percent, the…
Egypt to repay all debts to foreign oil companies by end-2019 – ministry sources
Egypt plans to repay all of its $1.2 billion debt to foreign oil and gas companies by the end of 2019, oil ministry…
Petroleum Min. signs seismic survey agreement with Schlumberger
Egypt’s Ministry of Petroleum signed an agreement, during EGYPS 2018, with oilfield services company Schlumberger…
Oil ministry: Egypt raises fuel prices
Egypt’s Ministry of Petroleum decided on Thursday to increase fuel prices, Reuters reported. This is the…
No alternative to increasing fuel prices in Egypt
An official source from the Ministry of Petroleum confirmed that there is no alternative to increasing fuel…
IMF backs Egypt scheme to remove fuel subsidies in 3Yrs, ease inflation
The International Monetary Fund (IMF) is encouraged by Egypt’s efforts to remove fuel subsidies within three years…