1+ day, 57+ min ago   (271+ words) Iran plans to present Gulf nations with an agreement reached with Oman on a temporary shipping lane through the Strait of Hormuz on Monday, as Tehran and regional states seek to ease shipping disruptions, Bloomberg reports. The agreement would not…...

1+ day, 2+ hour ago   (281+ words) Qalaa Holdings’ Board of Directors has approved expanding its indirect stake in the Egyptian Refining Company (ERC), one of the group’s energy assets. The move will see Qalaa’s effective ownership rise from 13.0% to 27.1%, underscoring its long-term commitment to Egypt’s downstream…...

4+ day, 5+ hour ago   (420+ words) “The energy sector remains at the forefront of cooperation between Egypt, Cyprus, and Greece”, President Abdel Fattah El-Sisi said in a joint press conference following the trilateral cooperation summit with Nikos Christodoulides, the Cypriot President, and Kyriakos Mitsotakis, Greek Prime…...

4+ day, 8+ hour ago   (306+ words) The refinery plans to offer 4.1 billion ordinary shares at NGN 525 per share, potentially raising approximately NGN 2.15 trillion ($1.63 billion) if fully subscribed, according to a company statement reported by Reuters. The order book is expected to open on September 14, while a…...

4+ day, 9+ hour ago   (199+ words) Singapore-based Aster Chemicals and Energy has shifted part of its crude procurement toward the Americas and Africa after disruptions to Middle Eastern oil supplies caused by the ongoing Iran war, Reuters reported. The refiner previously sourced about 70% of its crude…...

5+ day, 5+ hour ago   (349+ words) The Minister of Petroleum and Mineral Resources Karim Badawi said Egypt has successfully secured natural gas supplies during the peak electricity consumption period for the second consecutive year, ensuring stable deliveries to power plants and industrial facilities. Badawi made the…...

6+ day, 9+ hour ago   (253+ words) Egypt Oil & Gas Badawi Appoints New Petrogas Chairman and HSE General Manager Karim Badawi, Minister of Petroleum and Mineral Resources, has appointed Ahmed Gaber El Halawany as chairman of the state-owned Petroleum Gases Company (Petrogas), while Zain El Abdeen Ahmed…...

1+ week, 3+ hour ago   (358+ words) Capturing Value in Egypt’s Precious Metals Sector In this context, Ashmawy notes: “If the facility is built according to international standards from the ground up, Egypt has a real opportunity to become a regional hub for refining and trading, rather…...

1+ week, 3+ hour ago   (281+ words) Hassan Bekheit, former Undersecretary of the Ministry of Petroleum and Mineral Resources (MoPMR), similarly viewed the measures as “a positive step toward developing the sector,” but stressed that their success should ultimately be reflected in “tangible outcomes and concrete figures…...

1+ week, 2+ hour ago   (255+ words) Karim Badawi, Minister of Petroleum and Mineral Resources, said raising the utilization rate of Egypt’s refineries from 66% to 80% will increase reliance on locally refined petroleum products and help reduce the country’s fuel import bill. Badawi made the remarks during Cairo…...