Egypt’s Cabinet approves $208m Western Desert oil, gas deal
Egypt’s Cabinet on Wednesday approved a petroleum exploration and development agreement in the Western Desert aimed…
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Oil
Oil prices rise on Thursday
Oil prices rose on Thursday as markets assessed potential US sanctions on Russian oil and a blockade of Venezuelan…
Oil prices edge higher on Thursday
Oil prices firmed on Thursday as renewed Ukrainian strikes on Russian oil infrastructure raised supply concerns,…
Oil prices rise on Monday
Oil prices rose around 2 per cent on Monday after OPEC+ reaffirmed its plan to hold output steady, while…
Oil prices edge higher on Wednesday
Oil prices edged higher on Wednesday after hitting a one-month low, with Brent crude rising to $62.75 and US West…
Egypt, Algeria discuss expanding energy cooperation
Egypt’s Petroleum Minister Karim Badawy met Wednesday with Algeria’s Ambassador to Egypt, Mohamed Sofiane Berrah to…
Oil prices edge higher on Thursday
Oil prices inched up on Thursday as a larger-than-expected draw in US crude inventories countered speculation that…
Oil prices dip on Wednesday
Oil prices fell on Wednesday as higher US crude inventories reinforced concerns of oversupply, though looming US…
Egypt’s Sisi reviews energy, mining strategy with Cabinet officials
President Abdel Fattah El-Sisi met on Saturday with Prime Minister Moustafa Madbouly and Petroleum Minister Karim…
Egypt’s Nasr Contracting wins $40m infrastructure project in Iraq – ministry
Egypt’s Nasr General Contracting (Hassan Allam), a subsidiary of the state-owned Holding Company for Construction…