cabinet | Egypt Oil & Gas - Part 7
Petroleum Sector Achieves EGP 3 B Surplus in Q1 2019/20
The Minister of Finance, Mohamed Maait, said that the petroleum sector achieved a surplus of EGP 3 billion in Q1 2019/2020, according to a statement by the Cabinet. According to Maat, the initial report of the financi...
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, Egyptian Presidency Spokesper...
PM Oversees Settling Interministerial Financial Records
Prime Minister Mostafa Madbouly held a meeting on August 7 to follow up on resolving financial entanglements between ministries, according to a Cabinet statement. The meeting was attended by the Minister of Petroleum,...
Government Closely Monitoring Fuel Market
Prime Minister Mostafa Madbouly held a cabinet’s central operations room on July 5 to ensure the availability of petroleum products, as well as applying new fuel and public transportation prices, according to a ...
Cabinet Denies Electricity Prices Increase for July
The Egyptian Cabinet denied the 30%-60% increase in electricity prices forecasted for July 2019 by the Egyptian media, Egypt Oil & Gas reports. The Cabinet said that the assumed percentage is inaccurate and any of...
Cabinet Approves Solar Project Talks with Eni
The Egyptian government gave the green light to the Ministry of Electricity to discuss the first phase of a planned solar energy project with Eni, MENAFN reporting, citing Daily News Egypt. The cabinet approved establ...
Cabinet Promotes Natural Gas-Powered Vehicles
Prime Minister, Mostafa Madbouly, met with Minister of Housing, Utilities and Urban Communities to discuss encouraging the use of natural gas-powered vehicles in Egypt, Egypt Oil & Gas reports. The meeting further...
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, Al Ahram reported. The Ministry of Petroleum also denounced the rumors as false ...
