Libya May Double Oil Output Due to Lasting Low Oil Prices

• Thursday, 18th June 2015
• by Egypt Oil & Gas

Libya may double crude output to 800,000 barrels a day by next month after talks to reopen oil and gas pipelines feeding export terminals, amid the most enduring global glut in almost two decades. “There are efforts u...

Petroleum Ministry: No Truth to Rumors of Fuel Price Increase

• Thursday, 21st May 2015
• by Egypt Oil & Gas

The Ministry of Petroleum and Mineral Resources denied that it currently had any intention to increase prices of petroleum products. The ministry’s official spokesman Hamdi Abdel Aziz insisted that what had been repor...

Petroleum Prices to Increase before FY 2015/16

• Monday, 2nd March 2015
• by Egypt Oil & Gas

Egypt’s government aims to increase the prices of petroleum products before fiscal year 2015/16, according to Al-Mal newspaper. The decision represents the second phase of the five-year plan for the gradual redu...

Rouhani Authorized to Raise Gasoline Prices

• Wednesday, 18th February 2015
• by Egypt Oil & Gas

The Iranian parliament (Majlis) has approved a five-percent increase in fuel prices for the next fiscal year starting March 21, amid falling oil prices. The Iranian lawmakers voted in favor of fuel price hike during d...