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Two missiles hit Iranian oil tanker near Saudi port
The Iranian government vows to take a ‘proper response’
KSA’s GDP is currently 40% reliant on oil exports: Colliers International
SAR 61.4bn, estimated size of relevant entertainment market in the Kingdom by 2030, says Colliers
Government stabilises fuel prices as hedging contracts defy oil fluctuations
A government source told Daily News Egypt that the government has fixed the prices of petroleum products, in parallel with fixing the value of hedging against price fluctuations, which protects the state budget from bearing any additional burdens.
Egypt targets 3.8% growth in oil, condensates production in FY 2019/20
Refining 3.6m tonnes of crude oil, gas production increases to 51.1m tonnes, says source
Oil loses $5 a barrel after Aramco’s announcement of restoring full production
Market to face oil glut in coming period, prices to fall under $60: Source
Baltim production increases to 100m scf/day
The ministry of petroleum said in a statement that the remaining five wells in the field will be developed during the second quarter of next year.
Trump says he does not want war after attack on Saudi oil facilities
UK, Germany agree on need for international response to Saudi attack: UK PM’s spokesperson
Aramco’s oil facilities still within range of our attacks “could be targeted at any moment”: Houthis
Movement said Saudi Arabia should stop its “aggression, blockade on Yemen”
Iran denies US accusations of carrying attack against Aramco oil facilities
Iraqi government dismissed media reports about use of its territory in attack
UK accuses Iran of selling oil from seized oil tanker Adrian Darya 1 to Syria
Iranian ambassador to UK summoned by UK Foreign Secretary
Government aims to renew hedging against oil price fluctuations
Oil price fell below $60 a barrel, contrary to expectations, according to industry source
Qarun Petroleum Company invests $237m in FY 2019/20
Moreover, he said that the average daily production of the company during the year reached 31,700 barrels of oil per day, while the company’s total investment amounted to about $182m.
Investments in oil sector reach $10.633bn in FY2020
Foreign companies pump 94.3% of investments, state-owned companies represent 5.7%
Egypt’s Petroleum Minister to participate in South Sudan Oil & Power Conference
Egypt, South Sudan own 90% of oil production in Nile Basin
Houthis claim attack on Saudi Arabia’s Shaybah oil field
The facilities attacked included a refinery and oil storage, Al Masirah said, citing a military spokesman. It did not say when the attack took place.
Egypt’s PMI amounts to 50.3 in July: IHS Markit
Overall, firms are generally positive regarding future condition of economy, says David Owen
Oil prices fall to $61.15 per barrel as trade war subsides
Decline in oil prices to reduce fuel subsidies to 10% in Q1 of FY 2019/20
Iran captures new tanker in Gulf claiming it was smuggling oil
Pompeo says he is confident that US could build maritime coalition in Gulf
Libya’s largest oil field shut down
El Sharara oil field is located at the south-western Murzuq Desert.
Government hedges against oil price increase at under $70 per barrel
Renewal of hedging contracts every 3 months with review of oil value in markets: Source
Oil prices slightly regain ground, Brent reaches $64.93 per barrel
Price recovery backed by supply tightening, future disruptions due to Gulf tensions, says IHS Markit
Turkey urges Greek Cypriots to accept oil drilling plan
FM Cavusoglu, urged Greek Cypriot government to accept cooperation plan on drilling
Government reviews oil hedge rates after sudden fall in oil prices
State budget bore $5 difference in price of barrel for JP Morgan, Citibank
Eni completes gas processing plant with capacity of 3.2bn scf/day
Project’s investments are estimated at $5bn, says source
Oil surges above $72 per barrel awaiting regional political movements
Bank of America expects Brent to rise to $90 per barrel
Oil prices jump $0.90 per barrel, following Aramco pipeline, two Saudi oil tankers attacks
Political moves resulting from these attacks will affect oil market, says expert
Saudi oil-pumping stations attacked by drones
Houthi-run Al-Masirah TV cited military official saying seven drones staged attacks on vital Saudi installations
Egypt to renew oil hedging to shield against oil prices fluctuations: Minister of Petroleum
Renewal is essential to secure subsidy allocations from price changes, says El-Molla
Oil jumps to $73.60 as US announces return of sanctions on Iran
An oil barrel will cost $75 before end of this month..,hedging will save state millions of dollars: Source
United Energy Group acquires Kuwait Energy for $650m
Shalakany acted as sole buy side legal advisor for all Egyptian assets on this transaction