Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming ...
Investors have confirmed that the decline in the power supply to factories was the most prominent reason for the decline in exports of energy-intensive industries during the first quarter of this year.
Egyptian Investment Minister Ashraf Salman has discussed Wednesday plans to carry out petrochemicals project in Egypt with the representatives of the U.S. Export-Import Bank, Export-Import Bank of Korea (Korea Eximbank).
Gulf petrochemical and chemical exports exceeded 65 million tonnes last year, in comparison to less than 36 million tonnes in 2006, according to an expert.
The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Friday the value of Egyptian oil exports increased in February reaching EGP 1.99bn compared to EGP 1.53bn in January.
One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco -- for three years -- despite crude prices that topped $100 a barrel.
CAPMAS reported last Sunday a 22.1 percent drop in exports' value, standing at EGP12.03 bn in January 2015, in comparison to last year’s EGP15.44 bn.
With all the news on Egypt's struggles to meet its own energy needs Prime Minister Ibrahim Mahlab announced that Egypt has a well-defined future energy strategy.