Kuwaiti Oil Drops to $47.36

• Wednesday, 7th January 2015
• by Egypt Oil & Gas

The price of Kuwaiti oil went down by $3.99 Monday to $47.36 per barrel compared to $51.35 last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday. The global oil price dropped tremendously in the beginning of th...

Electricity Sector’s Debts Repayment to Petroleum Ministry Scheduled

• Tuesday, 6th January 2015
• by Egypt Oil & Gas

Egypt’s Petroleum and Electricity Ministries have reached an agreement to reschedule debts owed to the Ministry of Petroleum by the electricity sector in the upcoming months. The debts have reached EGP 44 billio...

Dana Petroleum appoints new Managing Director in Egypt

• Wednesday, 24th April 2013
• by Egypt Oil & Gas

Aberdeen-based Dana Petroleum has appointed Paul Barnett as the new Managing Director of its Egypt business. Paul took up his new position on 15 April. He has over 32 years of international exploration and production ...

Editorial Retraction: Error in January Issue Regarding Vega Petroleum Limited

• Sunday, 3rd February 2013
• by Egypt Oil & Gas

Vega Petroleum Limited (VPL), a privately owned exploration and production company, established in the British Virgin Islands with its principals from the Middle East, announced today that it has successfully received...

Petrobel Expands Well Portfolio

• Tuesday, 29th May 2012
• by Egypt Oil & Gas

Belayim Petroleum Company (Petrobel) has concluded drilling operations for two new developmental wells, the 113-M-113 well and the EBLS-2 well in adherence to its drilling plan for the 2011-2012 fiscal year. The 113-M...

Egyptian Petroleum Delegation Makes headway in Libya

• Thursday, 8th March 2012
• by Egypt Oil & Gas

During its visit of last month, The Egyptian petroleum delegation has accomplished fruitful progress in supporting the reconstruction of Libya’s dilapidated petroleum industry. The visit comes in the context of promot...