$400m dues owed to RWE for its stake in Suez Oil Company fields
RWE’s contract in Gulf of Suez concession ends in July 2017; no…
Nigeria’s Avengers claim Niger Delta oil pipeline attacks
An oil pipeline belonging to the Italian oil company Agip came under…
BP announces new discovery in Egypt’s East Mediterranean
The discovery is located 12 kilometres from the shoreline
Niger Delta crisis escalates
Nigeria's oil-dependent economy is under siege from militants who are targeting oil…
NBE considers granting EGP 7bn to economic sectors in coming period: deputy chairperson
The bank settled EGP 2bn of non-performing debts from July 2015 until…
Royal Dutch Shell’s profit evaporates amid oil price slide
The Anglo-Dutch energy giant saw its after-tax profit reduced to a trickle…
Balance of Payments overall deficit rose to $ 3.4bn during six month of FY 2015/2016
Net inflows of foreign direct investment in Egypt rose from $ 2.6bn…
Decline in oil prices expected to affect emerging economies
Meanwhile, the expected budget deficit in the Gulf states’ will speed up…
Investors are doubtful about return oil prosperity
Approximately 46% of participants said they believe oil will not rise to…
Oil and Gas Player Venturesinto Power Sector
Edison is building Egypt’s first-ever electricity-generation facility financed by private-sector funds and…
