Haifa Cancer Fears Prompt Shutdown of Israeli PetroChem Industries

• Monday, 20th April 2015
• by Egypt Oil & Gas

The mayor of Israel’s third largest city, Haifa, has ordered the shutdown of five petrochemical plants after a warning by Israeli Health Ministry linking high cancer rates among residents to air pollution. Mayor Yona ...

Investments worth $47bn to Be Pumped in the Petroleum Ministry

• Tuesday, 7th April 2015
• by Egypt Oil & Gas

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. Ismail made the remarks during the inaugura...

Oil Oversupply Not Helping Old Tankers As Originally Anticipated

• Monday, 16th March 2015
• by Egypt Oil & Gas

As tanker owners with aged VLCC tankers were looking for an opportunity in the scrap market, in order to send their vessels for demolition, the opportunity of floating storage plays rose, giving those older ship anoth...

Kuwait Awards CB&I $60 Million Energy Infrastructure Contract

• Saturday, 7th March 2015
• by Egypt Oil & Gas

CB&I, a major energy infrastructure focused company, has won a contract valued at approximately $60 million by JGSK JV, a joint venture between JGC Corp, GS E&C and SK E&C. The project scope includes the e...