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Tag Archives: Oil

Egypt, Jordan sign MoU to re-export natural gas

Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, will sign a memorandum of understanding (MoU) with his Egyptian counterpart, Tarek El-Molla, to re-export natural gas to the consuming countries in the region, Jordanian News Agency (Petra) reported on Tuesday. During 2016, Egypt’s petroleum ministry signed eight agreements with six …

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Saudi Arabia plans to sell 49% of Aramco

Gulf News, Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company, Al Eqtisadiah reported. A 49 per cent stake will be sold within 10 years, according to the Riyadh-based newspaper, which cites an unidentified senior government official. Deputy Crown Prince Mohammad Bin …

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Belayim Petroleum Company discussing the social impact of Zohr field project

Belayim Petroleum Company (Petrobel) held a community consultation meeting in Port Fouad fields, Port Said Governorate to discuss evaluation studies of environmental and social impact of Zohr field development project, which was discovered in Shorouk area off the Mediterranean Sea, under petroleum sector’s commitment to environmental dimension upon establishing new …

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Oil rises amid volatility as Opec meets

Oil rallied on Monday as the world’s largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Scepticism about any deal being reached has prompted money managers to cut their bullish bets to a one-month …

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New $1.9bn petchem project launched in Egypt

The Egyptian Ethylene and Derivatives Company (Ethydco), whose investments are estimated at $1.9 billion, was launched last week by Egyptian President Abdel Fattah Al-Sisi, said a report. The new complex launch was also attended by a number of ministers and Armed Forces leaders, added the Saudi Gazette report. Ethydco is …

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