Latest in Tag: Oil Highlight

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Latest in Tag: Oil


total AFP

Total acquires Maersk Oil for $7.45bn in share and debt transaction

Total company announced in a statement that its boards and A.P. Møller-Mærsk boards have approved Total acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), in the form of a debit and share transactions. Both boards agreed that This proposed transaction is subject to the applicable legally …

Nehal Samir

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OPEC likely to extend oil output cut

After logging their biggest one-day drop in more than a month on Wednesday, oil prices have stabilized on the news that Saudi Arabia and Kuwait signaled that a deal to extend oil production curbs was in the pipeline.Oil prices were fluctuating between modest gains and losses on Thursday, after falling 3.8 percent in the previous …

Deutsche Welle

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Could the visit of Libya’s National Oil Corporation chairperson to Cairo solve Egypt’s oil imports challenge?

  On Wednesday, the chairperson of Libya’s National Oil Corporation (NOC) visited Cairo to meet with Minister of Petroleum Tarek El Molla to discuss mutual cooperation opportunities between the two countries in the oil and gas sector. The visit comes after the announcement of new gains in Libya’s oil production this week. Despite Egypt’s abundance …

Mohamed Samir

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13.9% increase in value of Egyptian imports from East Asian countries in 2015

The Central Agency for Public Mobilization and Statistics (CAPMAS) recently issued its annual bulletin of trade exchange between Egypt and East Asian countries for 2015, including export and import statistics from Malaysia, China, India, Japan, Indonesia, Pakistan and South Korea The total value of imports from East Asian countries reached EGP 151.6bn in 2015 versus …

Hossam Mounir

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Oil company IPOs to be held in Egyptian, international stock exchanges: El Molla

The Ministry of Petroleum and Mineral Resources introduced a list including eight petroleum and petrochemical companies to the Ministry of Investment and ICapital—a National Investment Bank company and coordinator of the IPOs programme—to be in charge of offering part of their shares or increasing their capitals through the Egyptian Exchange (EGX). Minister of Petroleum Tarek …

Mohamed Adel