petroleum | Egypt Oil & Gas - Part 7
IFC to Give $50m Loan to Egypt’s PICO
IFC, a member of the World Bank Group, is providing a $50 million loan to Cheiron Finance Limited, a subsidiary of Egypt’s PICO International Petroleum, in an effort to bolster energy supplies in the Arab World's mos ...
Canada’s Crude Oil Output to Grow at Slower Pace Than Previously Forecasted
Canada’s crude oil output will continue to grow over the long term but at a slower pace than previously projected, reflecting many project postponements resulting from the slump in oil prices, the country’s main ener ...
Egypt’s Trade Deficit Rises to EGP 21bn while Petroleum Imports Decline
Egypt's trade deficit widened to 21 billion Egyptian pounds in February, from 20.2 billion pounds a year earlier, the state's Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday.
UAE Energy Minister Replaces Khadem al-Qubaisi as IPIC Head
The United Arab Emirates energy minister has been appointed the new managing director of Abu Dhabi investment fund International Petroleum Investment Company (IPIC) in a reshuffle of the board.
Sisi Discusses Energy Rationalization with Petroleum, Electricity Minsiters
President Abdel Fattah al-Sisi discussed rationalising energy and reducing waste during a meeting with the electricity and petroleum ministers on Wednesday.
Woodside Backs Out of Rabat Licence Operatorship Offshore Morocco
Woodside Petroleum has elected not to take operatorship and fund the drilling of an exploration well in return for an additional 25% equity stake in the Rabat Deep Offshore permit in Morocco.
Investments worth $47bn to Be Pumped in the Petroleum Ministry
According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years.
Petroleum Prices to Increase before FY 2015/16
Egypt's government aims to increase the prices of petroleum products before fiscal year 2015/16, according to Al-Mal newspaper. The decision represents the second phase of the five-year plan for the gradual reduction ...
