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.
Sherif Ismail, Minister of Petroleum and Mineral Resources, witnessed the signing of a contract for the establishment of a new complex for the production of high octane gasoline (CCR) for the Assiut Petroleum Refinin ...
China's imports of commodities eased again in February, as the Lunar New Year holiday week took a bite out of shipping volumes, preliminary customs data showed on Sunday.
Hamdi Abdel Aziz, the Ministry of Petroleum's official spokesman confirmed the stabilisation of domestic production of butane from refineries and fields of production, in addition to the stabilisation of butane imports.
Savings on petroleum product subsidies will reach an estimated 35% of the current value of EGP 100 billion for the FY 2014/2015 budget if current oil prices continue as is, Minister of Petroleum Sherif Ismail said.
South Korea will effectively become the first of Iran's major Asian customers to halt oil purchases from July 1, when a European Union insurance ban will prevent further imports.