Oil Prices | Egypt Oil & Gas - Part 4
IDSC Issues Two Reports on COVID-19 Impact on Energy Markets
The Egyptian Prime Minister, Moustafa Madbouly, has received two reports from the Information and Decision Support Center (IDCS) presenting the repercussions of the coronavirus pandemic on the international as well as...
Algeria Unaffected by Fall in Oil Prices
Algerian Minister of Energy, Mohamed Arkab, said that Algeria has the means and resources necessary to overcome the world oil crisis and that the recent fall in oil prices has not impacted Sonatrach’s activity, accord...
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 the West Texas Intermediate (WTI) prices will not affect Egypt at all as it is related only to US, according to...
Egypt’s Oil Sector Thrives Amid Lockdown, Oil Crisis
The Former Minister of Petroleum and Mineral Resources, Osama Kamal, said that Egypt has benefited from the oil price decline during the last period by storing sufficient quantities of oil, according to his call on Am...
WTI Crude Prices Fall by 300%, Plunges Below $0
US oil trading collapsed on April 20 as the price of May’s future contract for West Texas Intermediate (WTI) – that is due to expire on April 21 – fell by over 300%, recording an unprecedented $-37.6...
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 despite the current situation of coronavirus at a price of EGP 65, according to his statements to...
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced on April 12 a record oil deal that will cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through...
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, according to a statement issued by the company. The compan...
