GUPCO starts production at North Safa oil field in Suez Gulf
The Gulf of Suez Petroleum Company (GUPCO) has started oil production from the first well at Safa North Petroleum…
Browsing Tag
oil sector
Iraq, UAE’s Crescent launch 3 deals to develop oil and gas fields
Iraq launched three energy contracts with UAE's Crescent Petroleum to develop three oil and gas fields in Iraq,…
ExxonMobil agrees to buy Pioneer in $59.5bln deal
ExxonMobil agreed on Wednesday to buy Pioneer Natural Resources, operating in shale oil industry, in a deal worth…
OPEC+ panel keeps oil output policy unchanged
The OPEC+ ministerial panel met on Friday and decided to keep its current oil production policies unchanged.
Kerry contests promises of making fossils usage climate friendly
U.S. climate envoy John Kerry challenged oil producers to prove their technological capacities a sufficient…
Egypt expects $8bn investments in oil sector during 2023
Egyptian Ministry of Petroleum is targeting investments of $8 billion in oil and gas sector and expecting Liquefied…
Egypt talks with US companies to pump investments into oil sector
Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla on Saturday met with several officials of US…
Ministry: Egypt’s tax revenues jump by 55% in Q1 of FY2017/18
Tax revenues in the first quarter of the financial year 2017/2018 increased 55 percent to to 88.6 billion pounds…
$6.8bn to build petrochemical complex in Egypt’s Suez Canal corridor: minister
Egypt's oil sector will provide numerous job opportunities through building an integrated complex for producing…
IMF expects ‘breathing space’ in Middle East, Central Asia
Growing growth outside the troubled oil sector is offering some relief to economies in the Middle East and Central…
