Brent price decrease drives down subsidies in FY 2014/2015 budget to approximately EGP 55bn
Fuel oil, which is supplied into markets, is currently not subsidised, says…
Government studies allow new cement factories to be established: Prime Minister
Government Economic Group discussion takes legal and economic dimensions into account in…
Petroleum prices drive stock market down: Experts
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous…
Total Egypt initiate feasibility studies for new investment
Construction of new facility is expected to start within two years
International oil price reduction to save cash for Egypt’s budget: Economy professor
Crude oil prices have slumped to lowest level in five years due…
Petroleum ministry to add 80m cubic feet of gas to production daily throughout December
Two wells owned by Petrobel will be connected this month, with each…
Gas exploration bid to be offered early 2015 in 11 areas
Three areas in the Delta and eight in the Mediterranean Sea will…
Continuing decline in Brent prices positively impacts Egyptian economy
“We will not increase fuel imports because the financial resources are not…
Government hopes to pay full debts owed to foreign partners over coming 6 months
Debts owed to foreign companies have plagued all governments since 2008
FDI in oil and gas unaffected by Egypt’s instability
Political instability in Egypt and other Arab countries had negative effect on…
