Minister of Petroleum and Mineral Resources Tarek El Molla stated that there are many vital projects with high added value implemented by the petroleum sector in the fields of the petrochemical industry, with the ...
The Egyptian House of Representatives approved The Suez Canal Economic Zone (SCZONE)'s general budget for fiscal year (FY) 2022/23 at a value of EGP 42 billion.
The Egyptian Finance Ministry announced that the country has allocated EGP3.5 billion in its budget of the fiscal year (FY) 2022/23 to deliver natural gas to the households.
The Minister of Petroleum and Mineral Resources Tarek El Molla has announced that Egypt allocated EGP 30 billion for the first time in the budget of the fiscal year (FY) 2022/23 to develop the petroleum companies ...
The meeting reviewed the preliminary results for EGPC's budget during the past FY, which showed restructuring the oil and gas sector, resulting in overall development and change of the sector's activitiesز
The Gulf of Suez Petroleum Company (GUPCO) has approved a budget of around $543 million to achieve a production rate of around 77,000 barrels per day of crude oil (bbl/d) in Fiscal Year (FY) 2020\21, GUPCO Chairma ...
The Egyptian government decided decreasing petroleum products subsidies by 42% in the budget plan of fiscal year (FY) 2019/20.
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 has said.
The Ministry of Finance has canceled plans to purchase fuel hedging contracts from international financial institutions.
The Egyptian Ministry of Finance will calculcate the 2019/20 budget using a benchmark oil price of $80 per barrel.
