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Indian state-held refiner and fuel retailer Bharat Petroleum Corporation Ltd (BPCL) is in discussions with suppliers to swap a Middle East cargo with liquefied petroleum gas (LPG) with cheaper supply from the United States, the refiners head of finance, Vetsa Ramakrishna Gupta, said on Friday. We are approaching suppliers.
During the meeting, Minister of Finance Ahmed Kouchouk highlighted the target of achieving a primary surplus of EGP 795 billion, representing 4% of GDP, and reducing the public budget debt to 82.9%. billion to finance the extension of natural gas to homes. The budget outlines a total revenue of approximately EGP 3.1
It also opens new horizons for export to foreign markets, capitalizing on the growing global demand, especially with the petroleum sector having the technical and logistical components needed for success. Additionally, the selection process of international financing agencies is underway and is seeing notable progress.
Monday also saw several ministers speak at ADIPEC including the UAE's energy Suhail Al Mazroui and India's minister for petroleum and natural gas Hardeep Singh Puri, as did OPEC Secretary General Haitham Al Ghais, fresh from the crude producers' group's decision to postpone its planned production increase by a month. at 9:50 GST.
The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; Mahmoud Esmat, Minister of Electricity and Renewable Energy; and Ahmed Kochouk, Minister of Finance. Prime Minister Mostafa Madbouly held a meeting to follow up on a number of topics related to Egypt’s energy portfolio.
The main headline from Wednesday mornings release of the Department of Energys (DOEs) Weekly Petroleum Status Report was that U.S. Crude oil inventory at Cushing Oklahoma down at a multi-year low is joined by inventory of the major petroleum products down at a multi-year low. Wednesdays main oil market headline was that U.S.
Hardeep Singh Puri, Minister of Petroleum & Natural Gas, India and Chris Ashton, CEO of Worley. And it was wonderful moderating multiple panel sessions on subjects ranging from harnessing the potential of natural gas for powering AI to solutions for the decarbonization of the global transport complex and climatetech finance.
The national oil funds revenue fell by 43% by the end of April from year earlier, as lower prices offset the increase in crude output, Halyk Finance said. Kazakhstan agreed at the May 3 meeting of the Organization of the Petroleum Exporting Countries and its allies to produce 1.5 million bpd in June, compared with 1.85
The Nigerian National Petroleum Company (NNPC) has announced it is in the final stages of preparing for its IPO, as mandated by the Petroleum Industry Act of 2021.
About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Valero owns 15 petroleum refineries located in the U.S.,
with ConocoPhillips, Diamondback Energy and Occidental Petroleum cumulatively spending more than $85 billion on assets since 2020 and more than $140 billion including Occidentals 2019 acquisition of Anadarko Petroleum. He has a BBA in Finance from Texas A&M University and a JD from The University of Texas School of Law.
And the current limited conflict, financed on the aggressor’s side by petroleum dollars, is producing global economic and political destabilization and potentially, wider, military engagement. About 100 countries have petroleum reserves but only 15 of them have at least 1% of the total and.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Marco Villa, the Chief Business Officer (CBO) of the Italian company Technip Energies, and his accompanying delegation. They were joined by Khaled El Badry, the Ministry’s Undersecretary for Projects.
See below right for details, click on image to enlarge ) It was a fascinating discussion on climate finance acknowledging the complexities and opportunities of the energy transition and the mammoth task of underpinning global action by investment dollars, trillions of which may be required according to some.
Prime Minister Mostafa Madbouly held a meeting to discuss various industry-related matters of significant importance with the Minister of Petroleum and Mineral Resources Karim Badawi, Minister of Finance Ahmed Kouchouk, and other Egyptian officials.
Progress on the US$1 billion expansion project, which includes US$250 million in financing from the US Development Finance Corporation (DFC), has advanced in recent months through fast-track simultaneous project construction and commissioning activities, enabling the company to cut the overall project schedule by several months.
Egypts Minister of Petroleum and Mineral Resources, Karim Badawi, met with executives from Barrick Gold, a global leader in mining, to reaffirm Egypts strategic commitment to transforming its mining sector into a key pillar of the national economy.
million barrels, according to Finance Minister Ken Ofori-Atta. Addressing Parliament while presenting the 2024 budget and economic policy, the finance minister detailed that the Greater Jubilee field contributed 21.94 million barrels, with the Ghana National Petroleum Corporation (GNPC) lifting 6.65 million barrels.
CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. Completing the design phase will provide a more accurate estimate of the projects actual costa crucial step in securing the necessary financing and achieving financial closure.
In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. And here are yours truly's thoughts via Forbes , based on conversations here, on climate finance and the trillions required if the world is to meet its net zero emissions targets. mmtpa from 2026 for 14 years.
Minister of Petroleum and Mineral Resources Karim Badawi participated in a roundtable discussion organized by the US Chamber of Commerce in Washington coming in line with strengthening strategic relations between the two countries in the energy sector.
Minister of Petroleum and Mineral Resources Karim Badawi participated in the 10th Annual Powering Africa Summit in Washington with high-level attendance from ministers, officials, investors, and funding institutions.
The Organization of Petroleum Exporting Countries (OPEC), + other world exporters announcing Monday, that production limits will be increased 411,000 barrels per day in June deflated the spot market price of West Texas Intermediate (WTI) crude oil back below $60 per barrel (Figure 1, red line).
NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.
Minister of Petroleum and Mineral Resources Karim Badawi presided over the general assembly meeting of the Egyptian Fajr Natural Gas Company to review its fiscal year results for 2024. The post Badawi Reviews Business Performance of Egyptian Fajr Natural Gas Company for 2024 first appeared on Egypt Oil & Gas.
During his visit to Germany, Minister of Petroleum and Mineral Resources Karim Badawi participated in the 11th edition of the Berlin Energy Transition Dialogue on the 18th and 19th of March. The two ministers discussed ways to secure the necessary financing and investments in this regard.
Management believes Adjusted EBITDA is useful because it allows it to more effectively evaluate Vipers operating performance and compare the results of its operations from period to period without regard to its financing methods or capital structure.
Certain information related to general and administrative and finance costs has been represented to allocate by segment to conform with presentation as at March 31, 2025. Operating earnings is the metric used by the Companys Chief Operating Decision Makers to evaluate segment profit or loss. McDaniel & Associates Consultants Ltd.,
times net debt/funds flow, which is expected to continue to further strengthen to 0.8 and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) the tariffs imposed by the U.S.
One of the primary risks is the volatility of oil and gas prices, which can fluctuate based on a variety of factors, including geopolitical events, changes in OPEC (Organization of the Petroleum Exporting Countries) production quotas, and shifts in global energy demand.
Halliburton was an exhibitor in February at the International Petroleum Technology Conference (IPTC), held in the Eastern Hemisphere. He builds fantastic relationships with customers, and his well-rounded background in both finance and operations allows him to relate well with employees at all levels of our company.
Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. Key Factors Behind the Decline: High interest rates and tighter financing conditions limited deal-making in 2024.
House Bill 137 , tracked by the Permian Basin Petroleum Association (PBPA) as detailed below, establishes the Strategic Water Supply Program. Nathan Small, chair of House Appropriations & Finance, and Rep. Meredith Dixon, vice chair of House Appropriations & Finance. George Muoz, Senate Finance Chairman) H.B.
To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property. million purchase price. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.
To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property. million purchase price. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.
To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property. million purchase price. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.
Strategic Petroleum Reserve (SPR) right to the top and export American energy all over the world. The buyers, mostly public companies, finance these acquisitions with cash on hand, stocks, and occasionally bank and public debt. Most directly, he said he plans to re-fill the U.S.s
billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. (Investing) –WASHINGTON -A U.S. House committee released a budget proposal that includes more than $1.5
became “energy independent” and a net exporter of petroleum products in 2019. Due to the sharp increase in oil and gas production, the U.S. If President Trump is re-elected, his Administration is expected to continue, and may even accelerate, these efforts in support of his America First Energy Plan.
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