Egypt to Purchase Insurance Against Oil Price Fluctuations

• Thursday, 26th July 2018
• by Editorial Team

The Egyptian cabinet has announced that the country will purchase insurance contracts from international financial institutions to hedge against fluctuating global oil prices, Reuters reported. “The Minister of Petrol...

Insurers Compete to Cover GASCO’s Assets

• Sunday, 9th July 2017
• by Editorial Team

Eight insurers are competing to win commissions to provide insurance that will cover the assets of the Egyptian Natural Gas Company (GASCO). GASCO is adopting a one-year strategy with total sum insured exceeding EGP 5...

Misr Insurance Secure Two Oil Ships for $30m

• Tuesday, 9th August 2016
• by Sarah Samir

Egypt’s Misr Insurance Company, a subsidiary of Misr Insurance Holding Company, signed a contract worth $30m with Red Sea International Petroleum Services to insure two of their ships, reported Al Borsa News. Mi...

ADNIC Renews Regional Insurance Services to Schlumberger

• Monday, 11th January 2016
• by Egypt Oil & Gas

Abu Dhabi National Insurance Company (ADNIC) has renewed its Memorandum of Understanding (MoU) with Schlumberger Group to continue providing insurance and reinsurance coverage for the company’s regional oil and ...