News / Egypt
Unrest in Egypt causing oil prices to rise
Gas prices dropped slightly during the July 4 holiday period, but the unrest in Egypt is causing the price of crude oil to rise, and gasoline prices are expected to follow suit. Egypt to exhaust strategic fuel reserves by month’s end: Oil minister
Egypt's strategic reserves of three vital fuel products will run out by end of this month, Turkish news agency Anadulo reported on Thursday, citing Petroleum Minister Sherif Haddara. Petroleum Minister Announces Administrative Reshuffling
The Minister of Petroleum and Mineral Resources, Sherif Haddara, announced a reshuffling of key administrators within government-controlled companies that oversee and participate in various aspects of the petroleum sector. The shuffle aims to improve performance and efficiency. Sipetrol New Production Record Achievement
Mr. Miguel Angel Vargas, the General Manager of the Chilean state-owned Sipetrol International S.A., Egypt Branch, announced a new achievement in East Ras Qattara Concession in the Western Desert. Qatar promises 5 free LNG cargoes to Egypt
Qatar promised Egypt five free shipments of LNG this summer after a meeting of representatives from the two countries' governments in Doha, giving cash-strapped Egypt a reprieve from worsening energy shortages. Price disagreement holds up Egypt gas deal with Qatar
A disagreement over pricing is delaying a gas swap deal between Egypt and Qatar intended to ease domestic energy shortages that have exacerbated the North African country's broader economic problems, people close to talks between the two countries said Monday. Analysis: Italy, Spain seek new gas to reduce North African risk
Italy and Spain aim to reduce their dependence on North African natural gas imports, posing potential trouble for countries including Algeria, the one oil- and gas-rich country in the region so far spared from major social unrest. Naftogaz to boost crude oil production in Egypt by 1.4 times before 2014
NJSC Naftogaz Ukrainy is to boost crude oil production in Egypt by 41.5% by the year 2014, to 7,500 barrels per day, up from 5,300 barrels per day, according to Naftogaz Deputy CEO Vadym Chuprun. 
