Madbouly Keeps Tabs on Efforts to Ramp Up Production of Petroleum Products

• Sunday, 8th September 2024
• by Sarah Samir

Prime Minister Mostafa Madbouly held a meeting to review the procedures and steps aimed at increasing the production of petroleum products. The meeting also addressed the financial allocations needed for the oil and g...

Egypt Pays EGP 60.1 B in Fuel Subsidies in 9 Months

• Tuesday, 7th May 2019
• by Sarah Samir

Fuel subsidy costs in Egypt reached EGP 60.1 billion during the first nine months of fiscal year (FY) 2018/19, Tarek El Molla, Minister of Petroleum, told Reuters. Fuel subsidy costs thus decreased by 28.45% compared ...

Egypt Spends EGP 45B on Fuel Subsidies in H1 2018/19

• Tuesday, 8th January 2019
• by Sarah Samir

Egypt has spent around EGP 45 billion on fuel subsidies during the first half of fiscal year (FY) 2018/19, Minister of Petroleum Tarek El Molla told Amr Adib in El Hekaya TV Program. The latest figures reveal that the...

ERC Allocates $3 M Annually for Social Projects

• Tuesday, 6th March 2018
• by Sarah Samir

The Egyptian Refining Company (ERC) has conducted assessments of the economic and educational needs of residents living in the neighborhood adjacent to the company, said Hani Ismail, Corporate Social Responsibility (C...

Electricity Receives EGP 3 B from Subsidies Allocations

• Thursday, 11th January 2018
• by Sarah Samir

The Egyptian Ministry of Electricity and Renewable Energy received EGP 3 billion late December as a part of the amounts allocated for electricity subsidies, Al Mal News reports. A source at the ministry stated that th...

TransGlobe Energy Allocates $29.1 M for Egypt in 2018 Budget

• Thursday, 11th January 2018
• by Sarah Samir

TransGlobe Energy Corporation has announced its 2018 capital budget allocating $29.1 million for operations in Egypt and $12.2 million in Canada, Egypt Oil & Gas reports. TransGlobe Energy has allocated $11.8 mill...

Egypt Allocates EGP 57M for Egyptian Atomic Energy Authority

• Wednesday, 19th July 2017
• by Sarah Samir

Egypt allocated total EGP 57 million for the Egyptian Atomic Energy Authority (EAEA) in fiscal year 2017/2018, the Ministry of Electricity and Renewable Energy’s First Undersecretary, Mousa Omran, told Amwal Al ...

Egypt Allocates Fuel Subsidies in 2017/2018 Budget

• Thursday, 8th June 2017
• by Sarah Samir

Egypt allocated EGP 145b for fuel subsidies in the budget of fiscal year 2017/2018, reported Arab Finance. Egyptian Prime Minister, Sherif Ismail, stated that Egypt has set a total subsidy bill of EGP 330b in fiscal y...

Egypt to Stop Energy Allocations in 5 Years

• Thursday, 4th May 2017
• by Sarah Samir

The Head of the General Division of Petroleum Materials, Hossam Arafat, stated exclusively to Egypt Oil&Gas that Egypt will lift fuel subsidies over 5 years to reach zero allocations in the Egyptian budget. The al...

Finance Ministry Increases Cash Allocation to Oil Ministry

• Monday, 13th February 2017
• by Sarah Samir

In a statement to Egypt Oil&Gas, the Egyptian General Petroleum Corporation (EGPC)’s CEO, Tarek El Hadidy, said that the Finance Ministry increased its allocations for the Ministry of Petroleum and Mineral R...