EGP Devaluation
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FiT Challenged with Devaluation Backlash
Monday, 7th November 2016
Construction companies and solar firms withdrew from new and renewable energy projects due to increased costs as a result of EGP devaluation. -
Fuel Subsides to Reach EGP 64b
Sunday, 6th November 2016
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the cost of fuel subsidy will increase to EGP 64b during fiscal year 2016/2017 after the current devaluation.
Latest News
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Enppi's Contracts Jump 50% in 2020
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Petrojet Carries out 350 Projects Worth EGP 53 B in 2020
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Monday Minutes: Economic Snapshot
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Egypt to Have One Million NGV within Three Years: El Molla
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.95 | +1.28% |
Crude Oil (Brent) Brent | USD/bbl | 64.47 | +1.26% |
NYMEX Natural Gas | USD/MMBtu | 2.63 | +0.50% |
OPEC Basket Price | USD/bbl | 61.46 | +0.52% |
Last Modified April 14, 2021