energy subsidies | Egypt Oil & Gas - Part 2
Argentina to Cut Energy Subsidies, Lure Investors
Argentina’s newly appointed Energy Minister, Juan Jose Aranguren, has announced his ambition to boost investors’ confidence in the country through enhancement of business conditions, Platts reported. Accor...
Egypt to Reduce Energy Subsidies to Under $8b in FY2016
The Egyptian government will reduce energy subsidies to less than $8b this fiscal year, reported the Cairo Post. Egypt is working to balance its public spending as the country faces falling reserves and fewer loans an...
Egypt Saved EGP 30b as Oil Prices Dip
Sources at the Petroleum Ministry revealed to Egypt Oil & Gas that the current global price of oil reaching $48 a barrel will save the state nearly EGP 30b during the current fiscal year (FY) alone, as the governm...
Iran Taking Risky Fuel Subsidy Reforms
Iran is likely to abolish subsidised fuel allowances for motorists, an Oil Ministry adviser said on Saturday, in a move that will cut state spending but could also drive inflation and cause protests. The government is...
Bahrain Four-Year Action Plan to Reform Subsidies
Subsidy cuts are set to hit wealthy expatriates and companies first under proposals being considered following the Bahrain Cabinet’s approval of the new national budget yesterday (May 4). This was revealed to th...
Saudi Calls for Energy Subsidies Reform
Saudi Arabia’s central bank governor called for reforms to the country’s lavish system of energy and water subsidies, which drain billions of dollars from the state budget and encourage waste by keeping do...
