US Oil Futures Steady Despite Iranian Incident

• Wednesday, 29th April 2015
• by Egypt Oil & Gas

U.S. oil benchmark futures held steady around $57 a barrel before government data forecast to show crude inventories expanded from a record. Crude stockpiles probably topped 490 million barrels last week for the first...

Ships Collide in Egypt’s Suez Canal

• Sunday, 19th April 2015
• by Egypt Oil & Gas

Two container ships collided in Egypt’s Suez Canal early on Saturday, delaying traffic through a vital global trade route for several hours, sources in the canal authority said. Traffic resumed after the Danish-...

$300 Million Mashreq Storage-Fueling Project Continuing as Scheduled

• Monday, 23rd March 2015
• by Egypt Oil & Gas

Mashreq Petroleum Company is set to complete the first phase of its project to store petroleum products and fueling ships within the next two months, company chairman Tarek Abu Bakr said. The phase’s worth has been va...

Iran Methanol Mega Plant to Rival US Shale Gas

• Friday, 27th February 2015
• by Egypt Oil & Gas

Iran is building the world’s largest methanol plant which the country is touting as a rival to US shale gas. The Kaveh mega methanol project, being implemented in the Persian Gulf city of Bandar Dayyer, is 70% complet...