The General Petroleum Corporation will launch a new international bid for the Nimid area in the northeast of the Mediterranean Sea after the Shell Corporation abandoned it, Egyptian petroleum ministry sources reported.
The General Authority for (...)
Magdy Tawfiq, head of the Egyptian Company for Natural Gas (GASCO), said repairs on the Sinai Peninsula gas pipeline that was recently bombed are to be completed soon.
GASCO is responsible for the management and operation of the gas pipeline (...)
A source said the reason some insurance companies are reluctance to insure the lives of individuals working at Egyptian Ministry of Interior and police officers along with their families due to the fact they are constantly targeted since the (...)
International oil companies operating in Egypt are keen on increasing investments in Egypt and continuing their activities despite current political conditions, according to the First Deputy Minister of Petroleum.
Mahmoud Nazim said that the (...)
CAIRO: Continuing political unrest in Egypt has led to an increase in demand for “political violence” insurance, especially among banks, multinational companies, large factories and hotels, according to insurance experts.
The experts added that (...)
The chairman of Committee of Engineering Insurance, Ahmed Morsi, said the insurance commission of the Engineering Federation will step up its work this month. It will also hold two meetings since the nuclear insurance policy document is almost (...)
The energy company Petrobel announced plans to drill several new wells as part of two new projects in the Mediterranean, named Denis and Tuna.
Medhat Sayed, Petrobel's chairman predicted that production volume will reach 6.9 million cubic meters (...)
Head of the Egyptian Company for Natural Gas (GASCO), Magdy Tawfiq, refused the station to export gas to Israel. There was a sixth bombing at the hands of unknown armed men in the village of Sheikh Zuwaid.
Tawfiq said the explosion that occurred (...)
As the holy month of Ramadan, in which Muslims fast from dawn to dusk, draws nearer, signs of festivity are already showing in the Tant el-Rabaa district of Cairo. Tant el-Rabaa is most famous for creating the traditional Ramadan lanterns or (...)
A new healthcare bill has been frozen by the Egyptians financial supervisory authority. The bill was proposed by the healthcare committee of the Egyptian Federation of Insurance Companies.
Abdul Raouf Qotb, head of the Egyptian Federation of (...)
Two foreign companies have applied for permission to research and extract gold from Egypt, revealed sources inside the General Authority for Mineral Resources. The companies, Russian gold mining company Fritks and a Canadian company, have each sent (...)
CAIRO: The prices of cooking essentials such as oil and ghee have risen nearly 35 percent since the outbreak of Egypt's January 25 Revolution. The price of a bottle of oil reached an average of 10 EGP (U.S. $1.7) when it was previously sold at 7 EGP (...)