Sumed, NBK sign deal to boost oil products in Egypt’s Ain Shokna
Sumed company and the National Bank of Kuwait (NBK) signed an a agreement to provide $300 million to finance…
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petroleum products
Kuwait, Egypt sign petroleum products deal, Cairo to pay in cash
Kuwait has recently signed a deal to supply Egypt with petroleum products for which Cairo will pay in cash, Al-Rai…
National Bank of Egypt signs $100 mln with SUMED
Egypt’s biggest public lender, National Bank of Egypt (NBE) has signed Wednesday a $100 million loan with Arab…
Egypt’s petroleum imports down 72% in October: CAPMAS
Egypt's petroleum imports fell 72.4 percent to $1.12 billion in October 2015 down from $3.663 billion in the same…
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
Falling Oil Prices Both Blessing, Curse for Egypt
Egyptian economists are watching the decrease in oil prices with satisfaction and anticipation. Their satisfaction…
Egyptian Petroleum Sector Hits EGP30 billion Profits in 1 Year
The Business results of Egypt's petroleum public sector, Holding companies and Egyptian General Petroleum…
Egypt’s EGPC to Buy 65% Oil Imports from UAE’s ADNOC
Egyptian General Petroleum Corporation (EGPC) will buy 65 percent of its oil product imports from the United Arab…
Egypt’s FinMin Plans Cancelling 90% of Petroleum Subsidiary over 4 Years
Egyptian Minister of Finance Hany Kadry revealed that the government is planning to cancel 90% from the four-year…
UAE to provide Egypt with $8.7 bn Petroleum Products – Source
The United Arab Emirates will provide Egypt with petroleum products worth $8.7 billion over a year starting in…