budget | Egypt Oil & Gas - Part 5
Egypt to Reduce Fuel Subsidies by 43% in 2016/2017 FY
Egypt will reduce spending on fuel subsidies by nearly 43% in the 2016/17 budget due mainly to lower global energy costs.
Ghana to Revise its 2016 Budget Amid Crude Price Fall
Ghana may have to revise its 2016 budget after the collapse in oil prices, Finance Minister, Seth Terkper, told a news conference, giving no specific figures.
Low Oil Prices May Spur Reform in Angola
Low oil prices has pushed the Angolan government to move forward with a reform in private investment and public services, but the process seems to be moving slowly.
Nigeria Producing at $5 Loss per Barrel
With oil prices at 13-year lows, Nigeria may be continuing production at a $5 loss per barrel.
Algeria Trade Deficit Widens amid Low Oil Prices
Algeria’s energy earnings dropped by nearly 41% in 2015, leading to a trade deficit of $13.71b – far from the $4.3b surplus of 2014, according to the Algerian Finance Ministry.
Petroleum Ministry: Payments Being Made on Time
The petroleum sector has been able to fulfill its financial obligations in business dealings on a regular basis.
Nigeria to Revise National Budget amid Low Oil Prices
Nigerian President Muhammadu Buhari has asked parliament to withdraw the 2016 budget in order to make changes.
Nigeria May Take Greater Debt as Oil Price Slides
Nigeria may have to take greater debt to meet its yearly budget, amid an increasingly low oil price which is crucial for government revenues. 
