Petroleum Ministry: Egypt Not Affected By Oil Prices’ Collapse
The Spokesman of the Minister of Petroleum and Mineral Resources, Hamdy Abdel Aziz, said that the drop of American oil prices will not affect Egypt at all and it is related to US.
Oil Prices | Egypt Oil & Gas - Part 3
Egypt’s Oil Sector Thrives Amid Lockdown, Oil Crisis
The Former Minister of Petroleum and Mineral Resources, Osama Kamal, said that Egypt get benefit from the oil price decline during the last period by storing sufficient quantities of oil.
WTI Crude Prices Fall by 300%, Plunges Below $0
US oil trading collapsed on April 20 as the price on the May future contract for West Texas Intermediate (WTI) - that is due to expire on April 21 - fell by over 300%, recording an unprecedented $-37.63 per barrel ...
Egypt Assures Sufficiency of Butane Despite Coronavirus
The Head of Petrogas Company, Raafat Abdel Hady, said that Egypt is working hard to provide sufficient butane cylinders over the country despite the current situation of coronavirus at a cost of EGP 65.
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global ...
75% of Dana Gas Production Unaffected by Oil Prices’ Drop
Dana Gas Company has announced that its production of natural gas which constitutes 75% of the company's production is unaffected by failing oil prices.
Libya’s Disruptions Not to Affect Global Oil Market
Despite having some disruptions in Libya’s oil market, the global market will not be affected.
Halting Libya’s Production Leads to Oil Price Surge
Oil prices witnessed a surge on January 20 after Libya's El Shahara and El Feel oilfields have been shut down, leading to halving the country's production.
Oman’s Crude Oil Production Reaches 29.18 MM Barrels in September
Oman’s total production of crude oil and condensates reached around 29.18 million barrels, with a daily average of around 972,750 barrels in September.
Egypt Plans More Oil Hedging Contracts
The Egyptian government is planning to double the number of crude oil hedging contracts for fiscal year (FY) 2019/20.
