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)

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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

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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

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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.

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Wintershall Dea,Strong Performance Despite Difficult Environment

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

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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

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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.

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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.

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