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Ministry of Petroleum

Ministry of Petroleum latest

Iran’s crude oil exports to Russia are part of an oil-for-goods barter scheme with Russia. (File photo)
October 29th, 2017 - 02:51 GMT

Iran to Begin Oil Exports to Russia Under Oil-For-Goods Barter Deal

Iran’s crude oil exports to Russia are part of an oil-for-goods barter scheme with Russia.
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An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo, Egypt, on September 11, 2016. (AFP/ File)
May 4th, 2017 - 04:00 GMT

'Egypt Will Achieve Gas Self-Sufficiency by 2018, Surplus by 2020,' Says Minister

Many of the reserves and energy facilities are located in the country’s south which has been hit by a wave of sandstorms in recent years. (File photo)
February 19th, 2017 - 10:00 GMT

Iran announces major oil and gas discoveries

Egypt's Ministry of Petroleum has no information about the suspension of supplies during October. (File photo)
October 24th, 2016 - 11:00 GMT

Egypt calls for inquiry as Saudi oil shipments remain suspended

The target of the Ministry of Petroleum was to reduce its dues to less than $2.5bn by the end of 2015, and to repay its full dues by the end of 2016. (Daily News Egypt)
October 12th, 2016 - 10:00 GMT

Egypt's petroleum ministry debt to foreign companies rises to $3.6B

In April, Saudi Aramco signed a $23B contract with the EGPC to supply Egypt with 700,000 tonnes of oil products monthly over a five-year period. (File photo)
October 11th, 2016 - 07:00 GMT

Saudi Aramco insists halted oil shipments to Egypt are temporary

Critics of the new contract are worried about giving foreign companies a stake in the fields. (File photo)
September 18th, 2016 - 04:13 GMT

Revised Iranian oil contract paves way for $10B of investments by 2017

Shell has used modern technology in the seismic survey phase of the field and dug one of the deepest wells in the western desert. (File photo)
September 1st, 2016 - 03:55 GMT

Royal Dutch Shell makes new gas discovery in Egypt's western desert

RWE operates in concession areas at the Red Sea’s Gabal El-Zeit, Ras Gharib, Ras Badran in Abordes in South Sinai, and Desouk in Kafr El-Sheikh. (File photo)
July 18th, 2016 - 07:00 GMT

Egypt: $400M oil ministry debt behind unpaid salaries at Germany's RWE

Saudi King Salman bin Abdulaziz Al-Saud had earlier issued a decree to secure Egypt’s needs of petroleum over the next five years. (File photo)
June 26th, 2016 - 07:43 GMT

Egypt: $650M in fuel products received from Saudi Arabia in May and June

Al Bawaba
November 29th, 2015 - 09:00 GMT

Iran woos oil and gas giants at its biggest industry event

Al Bawaba
November 5th, 2015 - 11:00 GMT

Egypt's President Sisi gives the green light to $2.2B in oil and gas exploration contracts

Al Bawaba
September 15th, 2015 - 12:17 GMT

Iran projects oil prices at $42-$50 per barrel in annual budget

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