cabinet | Egypt Oil & Gas - Part 9
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, reported Daily News Egypt. The memorandum explained the financial burdens on the min...
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, stated the c...
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’s fuel will not witness any price hikes, reported Ni...
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 and later on the pri...
Saudi Cabinet Makes Tentative Pronouncements on Oil Price Cooperation
Saudi Arabia’s cabinet said it was ready to cooperate with OPEC and non-OPEC countries to achieve market stability, reported Reuters. “The council (of ministers) … stressed the kingdom’s role i...
EGPC Calls on Cabinet to Approve Interest Payments
EGPC has addressed the Council of Ministers for the approval for interests payments worth EGP 2.7 b on a loan guaranteed by the Ministry of Electricity, learned Al-Borsa. EGPC Chairman Tarek al-Mulla revealed that the...
