Special to WorldTribune.com WASHINGTON — A leading U.S. contractor has teamed with China to explore for energy in Egypt. Apache Corp. said it intends to form a partnership with China’s Sinopec International Petroleum Exploration & Production Corp. Apache said Sinopec would pay $3.1 billion for a 33 percent stake in the crude oil and natural […]
Special to WorldTribune.com LONDON — A Western energy major has temporarily shut down its offices in Egypt. Royal Dutch Shell, the leading energy firm in Europe, said it temporarily closed its offices in Egypt. Shell also said it restricted travel by its executives amid the Islamist revolt. “To ensure the safety and security of our […]
Special to WorldTribune.com CAIRO — Egypt has reported a crude oil discovery in the Sinai Peninsula. The Egyptian Petroleum Ministry has reported an oil discovery estimated at 5.5 million barrels in southern Sinai. The ministry said Belayim Petroleum Co. began production that reached 2,270 barrels earlier this month. The discovery took place 40 kilometers south […]