15 February, 2026

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China snaps up Russian oil as Indian demand drops following Trump tariffs

Hong Kong  —  Chinese refineries have placed new orders for Russian crude that will be shipped from ports that typically supply India, as demand from the South Asian country for Moscow’s crude slips following US President Trump’s tariffs. At least 15 cargoes of Russian oil have been secured by Chinese refineries for October and November …

The post China snaps up Russian oil as Indian demand drops following Trump tariffs appeared first on Egypt Independent.

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Egypt Independent August 20, 2025

Egypt seeks deeper cooperation with Saudi Arabia in oil sector – FM

During a meeting in Riyadh with Saudi Energy Minister Prince Abdulaziz bin Salman, Minister of Foreign Affairs, Emigration and Expatriates Badr Abdelatty expressed eagerness to expand strategic partnerships with Saudi Arabia in the oil and energy sectors, leveraging Egypt’s strategic location and resources. Abdelatty welcomed further development of bilateral energy projects, highlighting the Egypt-Saudi Arabia …

The post Egypt seeks deeper cooperation with Saudi Arabia in oil sector – FM appeared first on Egypt Independent.

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Egypt Independent April 22, 2025

Egypt amongst top 10 African countries with largest proven crude oil reserves: Business Africa

Egypt now ranks amongst the top 10 African countries with the largest proven crude oil reserves in 2025, according to the ‘Business Africa‘ platform. In a report released on Tuesday, the platform stated that oil is a vital source of energy and economy in many African countries, which possess huge reserves of this precious resource. …

The post Egypt amongst top 10 African countries with largest proven crude oil reserves: Business Africa appeared first on Egypt Independent.

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Egypt Independent January 29, 2025