Tag: Egypt
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Egypt is looking forward to drilling 35 wells for oil and gas exploration
Egypt is implementing an integrated program in cooperation with major international companies to explore for oil and gas, as part of its strategic plan to benefit from its natural resources and become a regional center for energy trade. In this context, Petroleum Minister Tarek El-Molla revealed that his country has begun implementing an ambitious program…
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Sources: Fuel prices in Egypt may surprise citizens
It is expected that fuel prices in Egypt for the third quarter of this year (2023) will witness a surprise, amid anticipation in the street for the meeting of the Automatic Pricing Committee for Petroleum Products, after it was surprised by the hike in diesel prices last May. Sources revealed in statements to the specialized…
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10 tankers massing with Saudi oil off Egypt .. “Energy” publishes new details (update)
10 tankers loaded with 20 million barrels of Saudi oil continue to gather off the coast of the Egyptian city of Suez, in a remarkable scene that raises many questions about the reasons for this crowd of tankers. The reasons for the presence of these large quantities of oil barrels coming from Saudi Arabia and…
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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.…
