Cabinet Explains Consequences of Fuel Price Increase

• Tuesday, 4th July 2017
• by Editorial Team

The Egyptian Cabinet issued a report explaining its decision to increase fuel prices and how it affects consumers, reported Al Mal News. While the fuel prices hike will affect low-income citizens by not more than 10%,...

Egypt Aims to Reschedule Debt Payment to IOCs in 2017

• Monday, 20th February 2017
• by Dr. Mahinaz El-Baz

An official source in the Egyptian oil sector stated to Egypt Oil&Gas that PM Sherif Ismail’s cabinet wants to reschedule the debts to foreign oil companies operating in Egypt during 2017 in order to be able...

Egypt to Pay EGP 60b in Power Subsidies

• Sunday, 13th November 2016
• by Sarah Samir

The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that the cost of the country’s power subsidy has increased from EGP 30b to EGP 60b for the current fiscal year 2016/2017. He adde...

Egypt to Reduce Gas Prices for Steel Industry

• Wednesday, 12th October 2016
• by Sarah Samir

The Egyptian Cabinet informed iron and steel manufacturers that it has authorized the application of reduced gas prices for the sector as of October, instead of September, reported Al Borsa. Accordingly, the selling p...

Egypt to Fuel Cement, Fertilizers Plants with Coal

• Tuesday, 4th October 2016
• by Sarah Samir

An official in the oil and gas sector stated to Egypt Oil&Gas that the Egyptian Cabinet is considering the usage of coal as a fuel alternative to natural gas in fertilizers and cement factories starting January 20...

Egypt Approves Waste-to-Energy Tariffs

• Tuesday, 9th August 2016
• by Sarah Samir

The Egyptian Cabinet of Ministers approved the waste-to-energy feed-in tariffs pricing recommended by the ministerial committee assigned to study projects for energy production from agricultural, solid, and communal w...