currency floating | Egypt Oil & Gas

El Molla: Fuel Subsidies Cut is a Must

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that there is no alternative to increasing fuel prices, especially since the cost of petroleum products’ subsidies will exceed EGP 100b...

Egypt’s Cabinet to Cut Energy Subsidies by 10% in 2017-2018

An Official Source at the Egyptian General Petroleum Corporation (EGPC) stated exclusively to Egypt Oil&Gas that Egypt’s cabinet considers to cut energy subsidies by 10% in the next fiscal year (2017-2018). ...

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