“Oil subsidies during the current FY (to end June 30) amounted to 70 billion EGP, down from an estimated 100 billion EGP in the state budget,” Molla said.
The Egyptian Resorts Company (ERC) signed a 27-year contract with KarmSolar company to construct a 2 MW solar station with investments amounting to $2.5 mn
Commodities trader Noble Group will supply a single liquefied natural gas (LNG) cargo to Egypt in late June after winning a closed tender launched two weeks ago, trade sources said.