Coronavirus

  • Japan’s Imports to Remain Low Until End of 2020

    Japan’s Imports to Remain Low Until End of 2020

    Thursday, 17th September 2020

    The President of Petroleum Association, Tsutomu Sugimori said that Japan’s crude oil imports is expected to remain at the current tepid pace until the end of 2020, after it reached the lowest monthly level in July due to the spread of pandemic which had slashed domestic oil demand.

  • GPC Crude Oil Production Exceeds 64,500 bbl/d for the First Time

    GPC Crude Oil Production Exceeds 64,500 bbl/d for the First Time

    Monday, 14th September 2020

    Tarek El Molla, the Minister of Petroleum and Mineral Resources, confirmed his support to the General petroleum company praising its production achievements of oil which exceeded 64,500 b/d for the first time despite the current circumstances of Coronavirus pandemic.

  • The Egypt Petroleum Show (EGYPS) to Take Place in May 2021 with Over 500 Exhibitors and 35,000 Attendees Expected

    The Egypt Petroleum Show (EGYPS) to Take Place in May 2021 with Over 500 Exhibitors and 35,000 Attendees Expected

    Wednesday, 9th September 2020

    The High Executive Committee of Egyptian Petroleum Show (EGYPS) Conference has announced that its fifth edition will be hold in the period from 31 May to 2 June of 2021 under the slogan of “North Africa and the Mediterranean: Delivering Energy Today”.

  • Irani Nirouhlor’s Exports Reach 5,000 Tons Despite Coronavirus

    Irani Nirouhlor’s Exports Reach 5,000 Tons Despite Coronavirus

    Monday, 10th August 2020

    The CEO of Nirouchlor Company, Vahid Namnik, said that the comoany’s exports to Europe reached to 5,000 tons despite the restrictions imposed due to coronavirus.

  • Saudi Aramco’s Profit Declines 73% in Q2

    Saudi Aramco’s Profit Declines 73% in Q2

    Sunday, 9th August 2020

    The major Saudi oil company, Aramco reported that its profit declined by 73% to 24.6 billion riyals in the second quarter of 2020 compared to 92.6 billion during the same period of the previous year  , because of the drop of energy demand and prices given from coronavirus outbreak.

  • Gasoline, Diesel Demand Shows Signs of Recovery in Mexico

    Gasoline, Diesel Demand Shows Signs of Recovery in Mexico

    Sunday, 9th August 2020

    According to data issued by the Energy Secretariat (SENER), diesel and gasoline demand in Mexico continue to recover by the start of business and industrial operations to back gradually despite the increase of number of coronavirus cases.

  • Energy Transfer to Cut Expenditures on Growth Projects

    Energy Transfer to Cut Expenditures on Growth Projects

    Thursday, 6th August 2020

    Energy Transfer announced that it is cutting spending this year on growth projects by $200 million. The company added that this came in line with a decline of the gas pipelines volumes due to the reduction of crude production and lower demand for LNG exports.

  • Saudi Mining Sector Increases 3.1% During Q1 2020

    Saudi Mining Sector Increases 3.1% During Q1 2020

    Tuesday, 4th August 2020

    Saudi Mining Sector has achieved growth 3.1% during the Q1 of the current year despite the exceptional circumstances of Coronavirus pandemic.

  • El Molla: Petroleum Sector Contributes 27% of GDP

    El Molla: Petroleum Sector Contributes 27% of GDP

    Wednesday, 29th July 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, said the Egyptian Petroleum sector achieved unprecedented production rates of natural gas noting that local consumption rates of oil and gas declined during the previous five months mentioning that petroleum sector carried out 27% of the gross domestic product (GDP) according to the recent data.

  • El Molla Inspects Petroleum Projects in Gulf of Suez

    El Molla Inspects Petroleum Projects in Gulf of Suez

    Sunday, 19th July 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has visited a number of petroleum products services in Agrood area at Suez city to follow up the executive situation according to the time plan.

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