The oil producer Rosneft became Russia’s most valuable company as its market capitalization of $51.7b in April exceeded that...

Kenya has received a $29.65m loan to finance its drive for geothermal energy production, as the country aims to...

Saudi Arabia will provide Egypt with 700,000 tons of petroleum products a month under a $23b deal over five...

As Egypt devalued its currency with the current exchange rate standing at EGP10.20 for $1, the price of fuel...

Germany-based largest chemical producer BASF’s subsidiary unit, Wintershall, cannot forecast oil production in troubled Libya this year after producing...

Four Libyan oilfields – Bayda, Tibisti, Samah, and Waha – have closed and were evacuated over pending threat of...

Riyadh and Cairo inked a memorandum of understanding (MoU) for the establishment of a joint investment fund, with a...

Taqa Arabia’s Managing Director, Mohamed Nafea, said that the company has opened its sixth fuel station in Upper Egypt...

Saudi Arabia has seen substantial demand for its first foreign borrowing in more than a decade, and looks likely...

Six Turkish members of a cargo ship’s crew have been kidnapped by pirates off the coast of Nigeria, a...