News / Egypt
Fahmy “may resign” from the Ministry!
"Eng. Fahmy would resign today from his post as the Egyptian Ministry of Petroleum," announced a top official. Fahmy: I did not quit! (Update)
"I did not resign and I do not know where did this rumor come from?" said the Egyptian Minister of Petroleum Eng. Sameh Fahmy in a phone call with the state-owned Al-Ahram Newspaper. Crude falls on Mubarak resignation
US crude settled at a two-month low as Egyptian President Hosni Mubarak's resignation calmed fears that growing unrest in the country would disrupt key oil-supply routes. Middle East shares rise after Egypt’s President Mubarak resigns
Middle East shares gained, sending Abu Dhabi's stock index to the highest in a month, as Egyptian President Hosni Mubarak's resignation bolstered investor optimism. Israeli stocks rose the first time in four days. Qatar supplies gas to Israel
Qatar will supply gas to Israel after the blow up of the Egyptian pipeline feeding Israel and Jordan due to an explosion, reported news agencies. TransGlobe: have not been affected
To date, the Company's West Gharib production operations have not been affected by the recent political demonstrations in Egypt. The Company continues to the monitor the situation and has daily communication with our Cairo staff and our Joint Venture operating company. BG back in Egypt action
BG Group is beginning to resume exploration drilling in Egypt as staff evacuated during the early days of street protests gradually return to the country, said chief executive Frank Chapman. Gas prices change slightly despite unrest in Egypt
Investors were concerned protests in Egypt would disrupt oil transportation along the Suez Canal, which transports between one to two million barrels of oil a day. Despite concerns, the Suez Canal remains unaffected by the protests and did not cause the price of oil to increase. 
