Reports

Egypt’s fuel subsidies saw drop by 45% in 1H of FY2020/21, reaching EGP 8.4 mln

Egypt fuel subsidies dropped by 45 percent during the first half (1H) of the current FY2020/2021 to post EGP 8.4 billion (about $538 million)

Wintershall Dea Growth by The Nile

Egypt is one of Wintershall Dea traditional core countries. The company operations currently concentrate on the Nile Delta and the Gulf of Suez

Egypt Hails Damietta LNG Return, but Short-Term Impact Likely Muted

The loading of an LNG cargo at Egypt 5 million mt/year Damietta LNG plant on Feb. 22 marked the return to operations

Ahmed Zaki Yamani, Key To Making Saudi Arabia A World Oil Power, Dies At 90

Sheikh Ahmed Zaki Yamani, Saudi Arabia long-serving oil minister who was instrumental in catapulting the kingdom into the energy powerhouse it is today, has died in London. He was 90 years old.

Wintershall Dea,Strong Performance Despite Difficult Environment

In a challenging market environment, Wintershall Dea ended the 2020 fiscal year with strong operational momentum

Transport of Petroleum Products Cost EGP 27.5bn in 2020

The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the total cost of transporting petroleum products

Dana Gas Delivers Resilient Operational Performance in 2020

Dana Gas, the Middle East largest regional private sector natural gas company, reported a net profit of $36 million (AED131 million) for 2020 versus $88 million (AED322 million) in 2019.

Brent Near $60 as OPEC+ Cuts Tighten Oil Market- Graphs

Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year.