Tag: Egypt
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Sources reveal the fuel price plan in Egypt before an official (private) meeting
The Automatic Pricing Committee for Oil Derivatives is preparing for a meeting to set fuel prices in Egypt, during the first week of next July (2023), a meeting that comes after a few weeks of moving diesel prices alone, which raises speculation about trends. The government towards moving prices again, or not. Informed sources revealed,…
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A British company may be on a date with an oil discovery in Egypt in July
An oil discovery is expected to be announced in Egypt, during next July (2023), in the concession area northwest of Al-Amal, south of the Gulf of Suez, by a specialized British company. British independent oil and gas company Neptune Energy has updated its drilling schedule in several countries; Among them are Egypt, Indonesia and the…
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Egypt announces the developments of its huge petrochemical production project
Petrochemical production in Egypt is witnessing increasing interest from the government, in light of the great importance this sector represents in supporting the national economy. Within this framework, Egypt announced today, Thursday, May 11, 2023, the developments of its large project, represented in an integrated industrial complex with international specifications for the production of petrochemicals.…
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Fuel prices in Egypt… 3 reasons prompted the government to increase “diesel”
Starting today, Thursday, May 4 (2023), fuel prices in Egypt witnessed a new increase in the price of “diesel” fuel, with the prices of gasoline and other oil derivatives being fixed. The increase in diesel prices in Egypt, which was approved late yesterday evening, Wednesday, May 3, came about two months after the largest increase…
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Oil and gas exploration in Egypt is actively boosted by 6 international companies
The oil and gas exploration sector in Egypt witnessed intense activity today, Thursday, March 9, during the participation of Minister of Petroleum and Mineral Resources Eng. Tarek El-Molla, in the Cerawick International Energy Conference in Houston, USA. On the sidelines of the conference, Al-Mulla held meetings with leaders of 6 international oil and gas companies…
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Gasoline prices in Egypt… Details of the largest increase since fuel liberation
Gasoline prices in Egypt recorded their largest increase in terms of value since the liberalization of the fuel price more than 3 years ago. The new increase announced by the Petroleum Products Pricing Committee ranged between EGP 0.75 and EGP 1 for various types of gasoline, with the largest percentage being 92-gasoline, the most widely…
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Ghana’s ambassador to Egypt for “energy”: We have a lot of oil to discover
Ghana, which is rich in natural resources, faces many financial and regulatory challenges to develop the country’s oil sector and meet the growing needs of citizens. Because of its dependence on the West, the lack of resources and the aging of the necessary infrastructure, in addition to being affected by the recent global energy crisis.…
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Fuel prices in the Arab countries a year after the Ukraine war.. Egypt and Algeria are the cheapest
The Ukraine war, which took place a full year ago, had a major impact on global oil and gas prices. This was reflected in fuel prices in the Arab countries. Including those that produce oil and gas, and do not face direct threats related to energy shortages. The Russian invasion of Ukraine, on February 24…
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The UAE’s ADNOC completes the acquisition of half of Total stations in Egypt
The Emirati company, ADNOC, has completed the procedures for acquiring half of the Total Energy stations in Egypt, as part of its plan to expand regionally. ADNOC Distribution – the arm of the Abu Dhabi National Oil Company in fuel trading and distribution – announced today, Wednesday, February 15, that it had completed its acquisition…
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EGYPS 2023.. Egypt plans to drill 300 wells for oil and gas exploration
Egypt seeks to develop its energy sector. Today, Sunday, February 12, Minister of Petroleum and Mineral Resources Tariq Al-Mulla – during his speech following the presidential opening of the EGYPS 2023 conference – unveiled a plan to drill more than 300 exploratory wells. Al-Mulla explained that Cairo has already started communicating with global partners, and…