Egypt successfully raises $4bn in eurobond issuance; closes 3 times oversubscribed
The three-tranche offering is distributed across $1.25bn in five-year notes, with a…
Egypt’s petroleum minister meets Algerian counterpart to improve bilateral cooperation
Minister of Petroleum Tarek El-Molla met with his Algerian counterpart Mustapha Guitouni…
South Africa’s ruling party disowns Zuma, demands his immediate resignation
South Africa’s ruling party the African National Congress (ANC) decided to disown…
Petroleum Ministry introduces new octane 95 petrol with additives for improved performance
A special octane 95 petrol will be introduced in Egypt for the…
EGYPS kick-starts with high hopes of energy renaissance
Improving governance, establishing E&P information gate, improving gasoline quality are ministry’s priorities,…
Subsidy reform is challenging for developing countries: El-Molla
Egypt suffered from its long-term subsidy strategy
Foreign partner investments to reach $10bn in FY 2017/2018: El-Molla
The ministry pays its dues to foreign partners regularly
Eastern Mediterranean gas: source for regional harmony or dissension
The Eastern Mediterranean region has become a hotspot of international energy discussions…
Egypt will await greater market stability before eurobond issue: El-Garhy
Egypt will wait for further stability in the global financial markets before…
No justification for energy subsidies in Arab world: Lagarde
Priority areas, such as health, education, social protection, marginalised by low spending