Reuters Kuwait Energy plans to close by the end of this year a reserve-based lending (RBL) loan facility of up to $100 million, sources familiar with the situation said. The Kuwaiti oil and gas exploration and production company, with assets in Egypt, Iraq, Oman and Yemen, is likely to obtain the financing on a bilateral basis from the European ...

  Cairo / AFP Egypt is raising tariffs on some imported goods to up to 60 percent following a decree by President Abdel Fattah al-Sisi, the finance ministry said. The ministry said the measure was introduced to “reduce imports”, which have seen Egypt’s trade deficit soar to more than $49 billion (46 billion euros). Sisi’s list of hundreds of imported ...

  Bloomberg Pemex’s chance to enter the modern oil era hangs in the balance of the country’s Dec. 5 auction. Mexico will hold its first-ever deep-water auction on Monday — part of an effort to attract investment from international oil giants such as Exxon Mobil Corp., Chevron Corp. and BP Plc to help develop the country’s offshore oil properties. The ...