Cost | Egypt Oil & Gas
Egypt Pays EGP 60.1 B in Fuel Subsidies in 9 Months
Fuel subsidy costs in Egypt reached EGP 60.1 billion during the first nine months of fiscal year (FY) 2018/19, Tarek El Molla, Minister of Petroleum, told Reuters. Fuel subsidy costs thus decreased by 28.45% compared ...
ERC to Payoff Mostorod Loans in 2018
The Egyptian Refining Company’s (ERC) Managing Director, Mohamed Saad, stated that the ERC will begin paying off the first installment of external loans for the company’s refining project at Mostorod starting 20...
Saudi SABIC Records Cost Slump, Low Sales
Acting Chief Executive of Saudi Basic Industries Corp (SABIC), Yousef Abdullah al-Benyan, announced that the giant company has recorded an 18% slash in its Q2 costs of 2016, down from the first three months of the yea...
North Sea Shedding Assets, Employees
Oil and service companies operating in the North Sea are writing down assets and firing workers in an effort to lower production expenses, reported The Scotland Herald. Firms such as Dana Petroleum are recording losse...
Jordan says Egypt gas cuts cost Amman $2 bln
Energy-poor Jordan warned on Monday that cut-offs in unstable Egyptian gas supplies could cost the kingdom more than $2 billion this year. “We are worried about the energy situation. Egypt’s gas supplies h...Page 1 of 1
