Reserves Archives

Madbouly Reviews Funding Plans for Strategic Petroleum Reserves

Suhas Bhokare1 month ago1 month ago01 mins

Prime Minister Mostafa Madbouly met with Karim Badawi, Minister of Petroleum and Mineral Resources, and Ahmed Kouchouk, Minister of Finance, to observe up on measures taken to avail wanted funding to construct up a enough strategic reserve of varied petroleum merchandise to cowl the native market wants. The assembly regarded into the impression of the…

Record release of emergency oil reserves planned as prices surge

Suhas Bhokare2 months ago2 months ago02 mins

The IEA has requested its 32 members to release 400 million barrels of oil, greater than double the quantity it launched following Russia’s full-scale invasion of Ukraine in early 2022, in keeping with Germany’s economic system minister Katherina Reiche. All 32 members would wish to comply with a release for it to go forward. Reiche…