Oil | Egypt Oil & Gas

Egypt, Russia Discuss Energy Cooperation

On the sidelines of the ministerial meeting of the Gas Exporting Countries Forum (GECF), which concluded its activities yesterday in Cairo, Minister of Petroleum and Mineral Resources Tarek El Molla held a joint s ...

Egypt, Qatar Discuss Joint Energy Projects

Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Saad bin Sherida Al Kaabi, Minister of Energy of Qatar, and his accompanying delegation, on the sidelines of the ministerial meeting of the Gas ...

OPEC Cuts 2022, 2023 Oil Demand Growth Forecasts Amid Slowing Economy

For the fourth time since April, OPEC reduced its projection for the rise in global oil demand in 2022 and lowered its estimate for the following year, citing weakening economies, the revival of China's COVID-19 c ...

Strikes to Continue at French Oil Refineries, Storage Facilities

According to CGT labor union representatives at TotalEnergies and ExxonMobil's Esso France, the strikes that have affected French oil refineries and storage facilities will resume, Reuters reported.

Saudi Aramco to Continue Full Oil Supplies to Asia in November Despite OPEC+ Cuts

Several people with knowledge of the situation said on Monday that Saudi Aramco has informed at least seven customers in Asia that they will get full contract volumes of crude oil in November before the peak winte ...

Egypt, Ruhrpumpen Discuss Localizing Pump Industry

Prime Minister Mostafa Madbouly held a meeting to discuss enhancing possible cooperation opportunities between the government and the Egyptian German Pump Company (Ruhrpumpen Egypt), which specializes in pump prod ...

Shell, Aramco CEOs Warn of Difficulty in Reversing Tight Global Oil Supply

The chief executive of Saudi Aramco said that the oil market is not paying attention to the fact that the world's spare capacity to increase oil output is very low, and the chief executive of Shell claimed that in ...

OPEC+ Considers Cutting Oil Production by Over 1 mmbbl/d

According to OPEC sources, OPEC+ may consider reducing oil production by more than 1 million barrels per day the following week in order to address the weakness in oil market. This would be the largest action take ...

ExxonMobil Increases Guyana Oil Output, Hesitant About Next Auction Offer

ExxonMobil is unsure whether it will submit a bid for new offshore areas Guyana wants to explore because the oil company is increasing production quicker than expected and the South American nation is having troub ...

Exports Restart After spillage at Iraq’s Basrah oil terminal

Basrah Oil Company announced that oil loading and exporting operations at the Basrah oil terminal in Iraq have resumed following a spillage that was stopped recently but has since been contained, Reuters reported. ...

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