Germany to Extend $250M Loan to Egypt
The German government will provide a $250 million loan next year to help finance Egypt’s budget
budget | Egypt Oil & Gas - Part 3
El Jarhi: Cutting Fuel Subsidies to Aid Lower Income Groups
Egyptian Minister of Finance, Amr El-Jarhi, stated that fuel and electricity subsidies are flawed and assured that moving the prices will aid in rebalancing the system
El Molla: Egypt’s Fuel Subsidy to Exceed EGP 110b
Fuel subsidy increased well above EGP 110b, from an estimated EGP 35b in the budget.
Government Debates Energy Subsidies in New Budget
The Egyptian Cabinet is having talks over the amounts allocated for fuel subsidies in the new budget of FY 2017/2018.
Fuel Prices Hikes Expected Next Fiscal Year
Egypt's government is planning to raise fuel prices next fiscal year in effort to keep subsidies spending on budget. Egypt’s Cabinet Aiming to Cut 25% of Imported Fuel Cost
The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.
Sovereign Authorities Reject Petroleum Price Hike
A governmental official stated to Egypt Oil&Gas that sovereign authorities are strongly rejecting the raise in prices of petroleum products during the current fiscal year 2016/2017.
Nigeria Maintains Oil-Revenue Forecast Despite Decline
Nigeria maintained revenue forecast for this year’s budget based on daily oil production of 2.2m barrels despite output falling over the April, reaching a 22 year low currently.
EGPC Official: Oil Price Rise Disfavorable to Energy Subsidies
An official at the Egyptian General Petroleum Corporation (EGPC) told Egypt Oil&Gas that the rise in oil prices that would exceed $50 a barrel may pose a threat to energy subsidies as currently itemized in the new fi ... 
