cabinet | Egypt Oil & Gas - Part 8
Cabinet Approves Six Agreements between EGPC and IOCs
The Egyptian cabinet met on the 25th of May and approved six agreements between the Egyptian General Petroleum Company (EGPC) and a number of unnamed IOCs for oil exploration in the Western Desert.
Egypt Increases Smart Card Program Participation
E-Finance's Smart Cards Manager, Khaled Abdel Ghany, stated that 12,000 Egyptian citizens recently applied for fuel smart cards.
Egypt’s Private Sector to Start Importing Gas by October
Egypt's Cabinet decided to regulate importing gas by private sector starting from October.
Electricity Ministry to Report Renewable Projects to Cabinet
The Egyptian Ministry of Electricity and Renewable Energy will present a detailed report to the cabinet explaining the situation of new and renewable energy projects.
Ministry of Electricity Asked for Extra Budget
The Egyptian Ministry of Electricity presented a memorandum to the Cabinet asking to increase allocations after the EGP devaluation.
Egypt to Review Pre-Devaulation State Deals
The Egyptian Cabinet approved a governmental commission to review tenders and contracts between the government on one hand and companies and factories on the other hand that were prior to EGP devaluation. Egypt’s Cabinet Confirmed Fuel Exempted from VAT
The cabinet confirmed that Egypt’s petroleum based products are to be exempted from the value-added tax (VAT), which is yet to be presented to the parliament.
Egypt to Witness Increase in Electricity Prices
The Minister of Electricity and Renewable Energy, Mohamed Shaker, has announced that a slight increase in the prices of electricity will be witnessed during the first three segments of consumption. Later on the price ...
