The Egyptian General Petroleum Corporation (EGPC) agreed to increase crude oil supplies to the Alexandria Petroleum Company (APC) refinery as well as accelerate the procedures needed to expand the production of pe ...
The amount of crude oil refined at the Mostorod and Tanta refineries of the Cairo Oil Refining Company (CORC) reached nearly seven million tons in the fiscal year (FY) 2024/25, enough to cover the local market's ...
Reham Mohamed, chairperson of Alexandria Petroleum Company said that the company refined more than 3.5 million tons of crude oil in fiscal year (FY) 2024/25 to produce various petroleum products and petroleum solv ...
The Egyptian Tax Authority (ETA) announced limited amendments to the Value Added Tax (VAT), introducing a 10% tax on crude oil. However, this tax will not affect the price of local petroleum products, according to ...
OPEC+, the world’s largest oil-producing alliance, is set to boost crude output by another 411,000 barrels per day (bbl/d) in August as part of its effort to reclaim market share. If agreed upon, this would raise ...
Minister of Petroleum and Mineral Resources Karim Badawi, accompanied by a delegation of petroleum sector leaders, visited the Petroshahd site in the Western Desert to follow up on the production operations and cu ...
Sinopec Shanghai Petrochemical Company has announced plans to invest 21.31 billion yuan ($2.91 billion) to upgrade its operations aimed at maintaining the company's crude oil processing capacity and implement othe ...
The Iraqi cabinet has approved a 44.56 billion Basrah-Haditha oil pipeline. The 685 km pipeline will have a capacity of 2.25 million barrels per day (bbl/d).
Russia and Pakistan have discussed cooperation in offshore oil and gas exploration and refining during intergovernmental meetings this week in Moscow, according to Reuters.
The US Gulf of Mexico has experienced losses of 490,241 barrel of oil per day and 313 million cubic feet of gas per day of natural gas caused by Rafeal Hurricane, the US Bureau of Safety and Environmental Enforcem ...
