Egypt | Egypt Oil & Gas - Part 457
Oil Subsidies Fall to EGP 44.7 Bn in First Half of Fiscal Year
According to a statement by the Ministry of Finance Egypt’s fuel subsidy bill for the first half of the 2014/2015 fiscal year fell to 44.7 billion EGP ($5.85 billion) in comparison to 64.5 bn from the previous year, ...
Petroleum Ministry: Contract Signed to Establish New Gasoline Producing Complex in Assiut
Sherif Ismail, Minister of Petroleum and Mineral Resources, witnessed the signing of a contract for the establishment of a new complex for the production of high octane gasoline (CCR) for the Assiut Petroleum Refinin ...
Suez Bunker Price Hit with New Fuel Deliveries
Bunker fuel oil prices at the Egyptian port of Suez collapsed Thursday, following the delivery of a fresh cargo of 380 CST fuel, sources said.
Oil Prices, New Investments Expected to Ameliorate Egypt Deficit
EGYPT’S balance of payments deficit in the first half of fiscal year 2014-2015 increased to $1.9 billion, 150% higher than its level in the corresponding period the previous year
Egypt-South Africa Cooperation Over Renewables
Chairman of the Industrial Development Authority Ismail Gaber stressed keenness of the Ministry of Industry on strengthening relations with South Africa at bilateral and regional levels.
UAE’s ADNOC Plans to Invest EGP 10 Billion in the Petroleum Sector
ADNOC UAE plans to inject investments an estimated EGP 10 billion into the Egyptian market over the next five years.
Power Cuts Due to Mediterranean and Western Desert Maintenance
Different parts of Egypt spent at least an hour in darkness Wednesday night, arousing fears of recurrent –and almost daily- outages in the upcoming summer as the country has been facing the worst energy crisis over t ...
Egypt Sentences 4 for Bombing of Gas Pipeline
The Tanta Military Court on Thursday sentenced four civilians to 20 years each for complicity in the bombing of a natural gas pipeline in Egypt’s Delta governorate of Gharbia in July 2014
