energy | Egypt Oil & Gas - Part 14

Egyptian Citizens Each Receive an Average of EGP 692 Worth of Subsidized Petroleum Products

In its “budget of citizen costs for the current fiscal year (2015-2016),” the Ministry of Finance announced that the subsidy bill for petroleum products this year was EGP 61.7b—compared to EGP 100.3b—during the last ...

President Sisi to Cooperate on Energy With Cyprus

President Abdel Fattah El Sisi met with his Cypriot counterpart, Nicos Anastasiades, while in New York,

Qatar to Host IPTC as Oil Sector Continues to Diversify Investments

The ninth International Petroleum Technology Conference (IPTC) is scheduled to take place in Doha, Qatar from December 7 to 9 this year

Kenya to Host an International Investment Conference

Kenya is planning to host an international investment conference from Nov. 22 to 25 to attract investors for projects, including expansion of airports, railway, tourism, roads, dams, and energy projects.

African Energy Deficit, at The Top of African Development Bank’s Agenda

African Development Bank President Akinwumi Adesina, who took over in September, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55b of investment.

Italy to Discuss Energy Business in North Africa

Italian Economic Development Minister Federica Guidi is in a business mission in North Africa where a series of institutional meetings are planned.

Finance Minister: Massive Gas Find Will Not Affect Subsidy Reform

Al Arabiya quoted Hany Kadry Dimian, the Egyptian finance minister, saying that the discovery of a massive new offshore natural gas field will not slow down his country's efforts to slash energy subsidies. The statem ...

South Africa’s Sasol Reports Lower FY2015 Earnings and Dividends

South African Petrochemicals Company Sasol Limited today released full results for the year ending in June 2015, lowering its dividend after weaker oil prices hit earnings.

Iran Targets Bangladesh with ‘Peace Pipeline’ and Energy Projects

Tehran’s Ambassador to Bangladesh, Abbas Vaezi, announced that Iran is ready to talk about extending its Iran-Pakistan-India “peace pipeline” to include Bangladesh

Gazprom Reports High Sales in Europe

The Russian gas giant Gazprom posted higher-than-normal sales for the first half of the year,

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