Reports

Gulf States Eye Egypt Power Plant, Fuel Firm in Investment Surge

Saudi Arabia Public Investment Fund is exploring potential investments in Egypt worth $10 billion, Qatar is putting up $5 billion for deals in the most Arab populous nation, while Abu Dhabi wealth fund ADQ made a roughly $2 billion deal to buy Egyptian state-owned stakes in publicly-listed companies

Egyptian gas to alleviate European fear … “Eni” is the key

The Italian energy group Eni has pledged to ease Europe energy crisis by supplying an additional 14 trillion cubic feet of gas to world markets.

Oil falls on Ukraine talks, fears of slower demand in China

Oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in COVID-19 cases

Egypt Anchorage Investments to issue tender for new $2bn petrochemicals project in Suez

Egypt Anchorage Investments will soon issue a tender to select the main contractor for a new $2 billion petrochemicals project in the Suez Canal Economic Zone

Transglobe Energy 2021 Oil Reserves, Expected Revenue Rose

The company said reserves largely increased due to amended commercial terms in Egypt, allowing it to merge, amend and extend its three existing Eastern Desert concessions, and technical work carried out in both Egypt and Canada

Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban, Iran delay

In the first few minutes of trade on Monday, both benchmarks spiked more than $10 a barrel to their highest since July 2008 with Brent at $139.13 and WTI at $130.50

Brent touches $118, nine-year high, supply issues roil oil markets

Oil prices extended their rally on Thursday, with Brent rising above $118 a barrel as trade disruption and shipping issues from Russian sanctions over the Ukraine crisis sparked supply worries, while US crude stocks fell to multi-year lows

What is Next For the Egyptian Burgeoning Oil Industry?

Egypt is expecting major investments in its oil sector this year as national and foreign oil companies increase operations across the country