Energy Minister Youcef Yousfi announced that there will be new biddings for the exploration of oil and gas in the “coming weeks”. The state has decla...
Egypt’s reserves hit new low
The Central Bank has announced that foreign exchange reserves have reached new levels since the interim government took over in July. This report mark...
Turkey urges Iraq to accept Kurdish oil deal
A Turkish delegation headed by its Energy Minister Taner Yildiz met with Iraq’s Deputy Prime Minister for Energy, Hussain al-Shahristani, in the Iraqi...
Libya: Protesters defy government agreement
Shortly after Prime Minister Ali Zeidan announced on Wednesday that the Al-Harriga terminal which has a production capacity of 110,000 barrels will re...
Turkey and Iraq to discuss Kurd oil deals
Iraq’s Foreign Minister Hoshyar Zebari will be on a working visit to neighboring Turkey as both countries continue to reinforce their bilateral relati...
Egypt denies Israel gas interest
Egypt has denied the claims of an Israeli Minster that the shortage of gas has forced them into buying gas from Israel. Although Egypt is experiencing...
Egypt: Get paid as you drill and explore
The Egyptian government wants to bring the country back on its feet and has decided to add to its priorities the payment of oil debts to foreign compa...
Algeria-Britain broaden economic partnership
Algeria has taken the opportunity to renew its desire of establishing a strong bilateral cooperation with Britain. David Cameron, Great Britain’s Prim...
Libya: Oil port demonstrators wants Federalism
Oil Minister Abdelbari al-Arusi has presented the serious situation that the government is faced with, since the lockdown of its oil ports by armed de...
Egypt: EGPC to convert petroleum debts into bonds
Authorities overseeing the Egyptian General Petroleum Corporation (EGPC) are considering the conversion of their debts of more than $5 billion into bo...