gasoline | Egypt Oil & Gas - Part 8
Former Minister: Official Cost for Liter of Gasoline EGP7
The official cost for a liter of gasoline in Egypt is EGP7, said Osama Kamal, the former Minister of Petroleum, in an interview with Egypt Oil & Gas. This is the price at which gasoline is to be sold in local mar...
Sinopec Entrenches its Reach in Maritime Southern Asia
China Petrochemical Corp., Sinopec announced its plan to build a gasoline filling station and a storage depot at its outpost in the disputed Paracels Island in the South China Sea to ramp up its fuel supplies, the com...
US Increase Quotas for Renewable Fuels Blend
The US Environmental Protection Agency (EPA) announced earlier this week new quotas for renewable fuels blended into gasoline in 2016, higher than expected, Bloomberg reported. President Barack Obama’s administration ...
UAE’s Fuel Prices and Petrochems Move in Opposite Directions
The UAE ministry of energy announced it will again lower domestic prices for gasoline and diesel in December, reported Arabian Business. The price of a litre of octane 95 gasoline will drop 1.15% to $0.46 in November,...
Iran Attracting Energy Investments, Reveals Gasoline Reserves
Iran has drawn up a package for an investment of $25b in the power sector, reported Trade Arabia. “Iran’s power industry is confronted with an average growth of 5 percent (in energy demands) each year whic...
Saudi Seriously Contemplating Slashing Energy Subsidies
Oil Minister Ali al-Naimi confirmed suspicions that the Saudi kingdom could cut its system of energy subsidies, reported Reuters. He was asked on the sidelines of a mining conference on Tuesday whether he expected dom...
Tarek El Molla: No Truth to Increase in Fuel Prices
During a press conference at the ministry of petroleum, Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that there will be no decrease in subsidies of petroleum products, reported Egypt Oil &...
Egypt to Import Petroleum Products from Kuwait
Negotiations with Kuwait are underway to supply with new quantities of petroleum products Egypt for the winter period during the years 2016 and 2017, reported Egypt Oil & Gas. The quantity under negotiation is hal...
