prices | Egypt Oil & Gas - Part 3
Egyptian Cabinet Approves Re-Pricing Gas for Some Industries
Prime Minister Mustafa Madboly announced that the Egyptian Cabinet approved the recommendations of the Ministerial Committee to re-price natural gas for some industries on September 30, 2019, according to the Cabinet’...
95-Octane Gasoline Price Remains the Same
The Egyptian government has decided to keep the price of 95-octane gasoline at EGP 7.75 per liter during Q2 of 2019, Egypt Oil & Gas reports. The decision came as the technical committee assigned for 95-octane gas...
Egypt to Float Benzene Prices in March
Egypt plans to announce its pricing mechanism for 95-octane benzene by the end of December 2018, to start linking the product to international prices in March 2019, a senior Egyptian official told Bloomberg. The gover...
Petroleum Ministry Rejects Gas Price Reduction for Factories
Sources from the Egyptian Ministry of Petroleum and Mineral Resources rejected decreasing natural gas price for factories following natural gas self-sufficiency as the output will be used to cover local demands, MENAF...
Iranian Oil Prices Rise 2%
Iranian oil reached its highest price in two and a half years, rising 2% on January 3. Buying spurred by a sixth day of unrest and strong economic data from the United States and Germany, Reuters reported. U.S. West T...
Kuwait Increases Oil Prices by 0.44%
Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017, Kuwait News Agency (KUNA) reported. Brent Blend fell by around 0.45% to reach $66.57 per barrel,...
Crude Rises to Levels Unseen Since 2015
Following a pipeline explosion in Libya, oil prices rose to highs not seen since mid-2015, Reuters reports. Brent crude prices hit $67.10 per barrel while WTI crude hit $60.01 on Tuesday, the news agency reports. They...
Abu Kir Fertilizer to Decrease Profitability
The recent Cabinet decision to cut fuel subsidies obliged Abu Kir Fertilizers Company to decrease the prices of its products, the company’s Head, Saad Abu El Maati, stated, according to Al Mal News. “Any i...
