Tag: petroleum

Electricity subsidy increases come to pay value of fuel consumed by stations: Energy expert

The increase allocated to the ministry amounts to approximately EGP 14bn and…

Mohamed Adel Mohamed Adel

Delay in budget may cause unexpected 30% fuel consumption increase

Petroleum price increase to be announced unexpectedly to avoid black market fuel…

Daily News Egypt Daily News Egypt

Government agencies owe petroleum ministry total of EGP 160bn: Ministry official

By Mohamed Adel Government agencies currently owe the Ministry of Petroleum a…

Daily News Egypt Daily News Egypt

Majority of cabinet’s economic team reappointed

Abdel Nour to handle SMEs while Al-Araby takes on administrative development

Sara Aggour Sara Aggour

Raising fuel prices increases corruption and burden on the poor: Petroleum expert

Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP…

Daily News Egypt Daily News Egypt

88% decline in consumption of 95-octane gasoline in the domestic market: EGPC report

Cars belonging to the presidency, cabinet, and embassies used 5,000 tons of…

Daily News Egypt Daily News Egypt

EGP 3.69bn to be invested in petroleum by public sector companies for FY 2014/2015: EGPC president

The total amount of investments that are hoped to be collected from…

Daily News Egypt Daily News Egypt

Introduction of new gas wells will reduce power outages: Petroleum minister

A large part of foreign contracting for importing liquefied natural gas has…

Daily News Egypt Daily News Egypt

Government will be unable to meet fuel subsidy bill proposed in budget: Former petroleum minister

Arab countries offered a petroleum grant last year valuing EGP 80bn, which…

Daily News Egypt Daily News Egypt

Ministry of Tourism, E-Finance to provide diesel fuel smartcards for hotels, transportation companies

The tourism sector receives diesel fuel at EGP 1.10 per liter, and…

Daily News Egypt Daily News Egypt