Egypt to Settle $1.5 Billion Owned to Oil Firms

Egypt is committed to pay nearly a quarter of the total arrears it owes foreign oil companies and increase economic growth to 3.5 percent by the end of the fiscal year, in a bid to restore investor confidence in an economy damaged by nearly three years of unrest, the country's interim prime"...

Dragon Oil wins shallow-water block offshore Egypt

Dragon Oil has been awarded provisionally a shallow-water block in the Gulf of Suez offshore southern Egypt.

Ganoub El Wadi Holding Petroleum C. (Ganope), a division of the Petroleum"...

Shell renews contract with Artoc Auto Egypt five more years

Artoc Auto Egypt, the sole authorised dealer of Skoda brand vehicles in Egypt, renewed its contract with Shell lubricants Egypt to be its main lubricant supplier for five more years, according to a press release from Shell lubricants Egypt.

New Market Research Report: Egypt Petrochemicals Report Q1 2014

While the Egyptian market has been disrupted in the short-term by the uprisings, the long-term outlook for the country's refining and petrochemicals sectors looks positive, although delays are likely in planned projects. However, continued uncertainty for political leadership will upset the downstream projects that depend on foreign"...

Supply Ministry says butane gas cylinder shortage to be resolved soon

Supply Ministry sources said on Tuesday that the shortage of butane gas cylinders would be resolved soon and that the deficit has declined by 10 to 15 percent. Meanwhile, the crisis has resumed across governorates. Huge crowds gathered in front of stock stores, where clashes took place among customers on priority"...

Egypt to revise prices, sign deals with gas firms

CAIRO: Egypt is revising the prices it pays to buy gas from foreign energy companies operating in the country and plans to sign new contracts to “reassure” the firms, Al-Mal newspaper quoted the oil minister as saying. Sherif Ismail said that state-run Egyptian Natural Gas Holding"...

Egypt to start fuel cuts in 2014, says prime minister

Egypt's government will start cutting fuel subsidies before it leaves office next year, prime minister Hazem al-Beblawi (pic) said yesterday, but the ambitious reform hinges on an end to the country's turmoil.

Egypt awaits Saudi Arabia, Kuwait response on additional fuel aid, says petroleum minister

In a press conference held on Friday, on the sidelines of the visit to petrol production sites in Port Said, Petroleum Minister Sherif Ismail"......

Snam Says First Gas Flows Coming from Libya After Stoppage

Italy's biggest natural gas grid operator by pipelines, Wednesday said it is registering the first gas imports from Libya arriving in Sicily after unrest in the North African country blocked flows last week.

Libyan gas flows are registered in the Sicilian Gela entry point,"......

VeriFone To Play Key Role in Egypt’s Retail Petroleum Market

“e-finance selected VeriFone’s superior consumer-facing payment acceptance solutions in part based on the company’s experience in the petroleum distribution channel,” says CEO, e-finance.

VeriFone Systems Inc. announced that its portable payment acceptance systems,"...