BP to Hit $35 B Net Debt Target Ahead of Schedule

• Tuesday, 6th April 2021
• by Editorial Team

BP expected to hit $35 billion net debt target including the delivery of sale proceeds and performance in the Q1 of 2021, according to BP’s press release. Bernard Looney, BP’s CEO, stated: “We are pleased ...

Unified Government Complaints System Delegation Praises MoP’s Performance

• Thursday, 8th October 2020
• by Fatma Ahmed

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met a delegation from the Government Unified Complaints System which praised the ministry’s immediate response for any complaint received through it...

Egypt Drills Natural Gas Exploration Wells Worth $314 Million in 2019/20

• Sunday, 31st May 2020
• by Fatma Ahmed

A report received by the Minister of Petroleum and Mineral Resources, Tarek El Molla indicated that Egypt has drilled exploration wells of natural gas during the current fiscal year (FY) of 2019/20 with totals investm...

South Africa’s Sasol Expects its Q1, Q2 Profit to Fall 28%

• Monday, 1st February 2016
• by Egypt Oil & Gas

South Africa’s Sasol, the world’s biggest producer of liquid fuels from coal, announced that it expected its half-year earnings to drop by up to 28%, adding that lower oil and chemical prices could further hurt ...