News / Egypt
Butane Subsidies for High-Income Citizens to be Abolished in 3 Years
A source in the government, who declined to be named, told Egypt Oil & Gas that butane subsidies for high-income citizens would be definitely eliminated within the next three years.
Hossam Arafat: Subsidy Cuts Inevitable, Politics as Prime Determinant of World Oil Prices
Head of the General Division of Petroleum Materials, Hossam Arafat, told Egypt Oil & Gas that the reduction of subsidies on petroleum products was inevitable and had already begun in July 2014, as petroleum products prices shifted in the last fiscal year.
Egypt’s Petroleum Ministry and Oil Companies Debate Planning Budgets
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the General Assembly, held for a number of oil companies, to adopt planning budgets for the fiscal year 2016/2017.
Sisi to Ink Deals with Japan in Energy, Health & Education
Coordination is underway between the two Egyptian and Japanese sides on projects that will be signed during President Abdel-Fattah El-Sisi's visit to Tokyo next month, informed sources told Al Mal.
ISIS Bombed Egypt-Jordan Gas Pipeline
Ansar Beit Al Makdes, an ISIS affiliate, have bombed a main natural gas pipeline in Al Arish area in Egypt’s Sinai. The assailants placed explosive devices under the pipeline and activated them remotely, an action which halted gas supply to houses in the entire area.
EEHC to Invest EGP 3.82b in Egypt’s Infrastructure
Egypt has allocated EGP 3.82b for the laying of distribution lines, building of transformers, and cables of medium and low voltage, plans that are expected to take effect in 2016.
CAPMAS: Egypt’s Crude Oil Imports Drop 68% in September
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS), the state statistics agency, reports that imports of 10 commodities dropped to $2.1b, down by 29%, during September 2015, which is largely the result of reduced energy prices. Butagasco to Receive Greater LPG Share
The Egyptian government's Butane Quartet Committee has decided to allocate Butagasco a larger share of LPG cylinders sales, rising from 12% to 24%.
