bp to Purchase Shell’s Stake in Australia’s Browse Gas Project

• Sunday, 30th April 2023
• by Israa Ibrahim

bp will expand its holding in Australia’s largest untapped gas resources by buying the 27% stake of the Browse joint venture that is owned by Shell, Reuters reported. bp’s stake purchasing came in line with a move tha...

Egypt struggles to buy fuel as credit dries up

• Monday, 27th August 2012
• by Egypt Oil & Gas

Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due to concerns over its financial and political stability, trading and banking s...

Egypt Oil Ministry Gets $100 Million to Buy Additional Fuel

• Wednesday, 30th May 2012
• by Egypt Oil & Gas

Egypt’s finance ministry said it had given the oil ministry an additional $100 million to buy petroleum products. The cash infusion, announced late yesterday in a statement from the ministry, comes at a time when fuel...