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Indian Refiner BPCL Looks to Source Cheaper U.S. LPG in Swap Deal

OilPrice

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.

Petroleum 157
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Cabinet Approves 2025/2026 Budget with Allocations for Petroleum Sector

Egypt Oil & Gas

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

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Afreximbank Forms $3B Fund for Africa, Caribbean Oil Import Needs

Rigzone

The financing program aims to help countries in the continent and the Caribbean bridge the cost of importing refined petroleum products.

Finance 74
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Ministers of Petroleum, Environment, Civil Aviation Advance Coordination on ESAF Project

Egypt Oil & Gas

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.

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ADIPEC Days I & II: All about 'Energy^AI'

Oilholics Synonymous Report

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.

Energy 130
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Madbouly Follows Up on Key Developments in Egypt’s Energy Sector

Egypt Oil & Gas

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.

Energy 96
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Energy Market Assessment: Headlines continuing to paint a bearish oil & natural gas picture during the month of May

Oil & Gas 360º

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.