Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
cabinet | Egypt Oil & Gas - Part 6
El Molla, Shaker to Sign a Protocol to Adjust Debts
The Minister of Petroleum and Mineral Resources, Tarek El Molla, agreed with the Minister of Electricity and Renewable Energy, Mohamed Shaker, to sign a protocol that aims at settling both ministries' debts and ad ...
Petroleum Sector Achieves EGP 3 B Surplus in Q1 2019/20
The Minister of Finance, Mohamed Maat, said that the petroleum sector achieved a surplus of EGP 3 billion in Q1 of fiscal year (FY) 2019/2020.
El Sisi Orders Maximizing Egypt’s Oil Exploration
President Abdelfatah El Sisi has directed the Cabinet to extend the rate of oil and natural gas exploration, with a focus on maximizing the utilization of the country’s natural resources.
PM Oversees Settling Interministerial Financial Records
Prime Minister Mostafa Madbouly held a meeting with the Ministers of Petroleum, Electricity, and Finance to follow up on resolving financial entanglements.
Government Closely Monitoring Fuel Market
Operations rooms at the Ministry of Petroleum and the Cabinet's Information and Decision Support Center (IDSC) are closely following fuel distribution and transportation prices.
Cabinet Denies Electricity Prices Increase for July
The Cabinet said that the assumed percentage is inaccurate and any official increase will be announced by the Cabinet through an official press conference.
Cabinet Approves Solar Project Talks with Eni
The cabinet approved establishing a 200 MW solar plant by Eni, considering that the price of electricity produced from the plant will be of the same value as the prices received to transmit electricity in Kom Ombo ...
Cabinet Promotes Natural Gas-Powered Vehicles
Prime Minister, Mostafa Madbouly, highlighted directives by President Abdel Fattah El Sisi to boost encouraging citizens to turn their cars into natural gas and electric-powered ones.
Cabinet Rejects Rumors of Fuel Price Increase
The media department of the Egyptian cabinet has rejected rumors about a new fuel price increase in 2018 to decrease the budget deficit.
