Electricity Ministry to Discuss FiT Phase 2 with Investors

• Tuesday, 14th February 2017
• by Dr. Mahinaz El-Baz

An official source at the Egyptian Electricity Ministry said that the renewable energy companies in the second phase of the Feed-in Tariff (FiT) program are set to discuss with the ministry the payment schedule for th...

President Al Sisi Discussed Economic Reforms ahead of IMF Visit

• Sunday, 31st July 2016
• by Egypt Oil & Gas

Egypt’s President Abdel Fattah Al Sisi held a meeting with Prime Minister, Sherif Ismail, and members of the Economic Ministerial Committee to discuss economic developments, including the pending loan from the I...

South Africa Benefits from Oil Price Drop with Statoil’s Help

• Tuesday, 3rd November 2015
• by Egypt Oil & Gas

South Africa’s trade deficit narrowed to $65m in September as lower oil prices curbed imports, according to the Pretoria-based South African Revenue Service, reported Bloomberg. The trade gap had been declining since ...

IMF Calls on Africa to Cut Fuel Subsidies, Diversify, Exert Fiscal Discipline in Low Oil Price Era

• Thursday, 3rd September 2015
• by Egypt Oil & Gas

David Robinson, the IMF vice-director, has called on the African nations to adopt a package of policies to better ride out the ill-effects of the collapse of oil prices, reported NAIJ.com. These policies include budge...