Egypt’s Fuel Supply Consumption Equivalent to $55B Provided by Oil, Gas Sector Annually: El Molla

• Monday, 27th May 2024
• by Sarah Samir

Egypt consumes the equivalent of $55 billion worth of fuel supplies, which is provided by the oil and gas sector annually, at an actual cost ranging between $20-22 billion, Minister of Petroleum and Mineral Resour ...

Electricity Prices To Surge by 19% in July

• Tuesday, 9th June 2020
• by Editorial Team

Commercial and household's electricity prices for Fiscal Year (FY) 2019/2020 and FY 2020/2021 will increase by 19% starting from July, the Minister of Electricity and Renewable Energy Mohamed Shaker announced duri ...

Egyptian Buses to Have Bi-Fuel Engines

• Thursday, 22nd August 2019
• by Editorial Team

Mostafa Madbouly, the Prime Minister, held a meeting with the Heads and Representatives of companies’ that manufacture microbuses and minibuses to present the government’s plan to expand in manufacturing new bi-fu ...

Fuel Subsidies: 92-Octane Consumption Decreases Following Cuts

• Tuesday, 26th June 2018
• by Editorial Team

Misr Petroleum's sales of 92-octane benzene has decreased since the government made further cuts to fuel subsidies in mid-June.

Egypt’s Electricity Ministry to Pay EGP 700m of Fuel Arrears

• Sunday, 5th March 2017
• by Dr. Mahinaz El-Baz

Egypt's Ministry of Electricity is set to pay EGP700m to the Ministry of Petroleum and Mineral Resources.

Egypt’s Fuel Consumption Dropped by 9%

• Monday, 5th December 2016
• by Sarah Samir

Egypt's fuel imports bill reduced by 9% due to decrease consumption of power plants, vehicles, and demand in general during the winter months when compared to the warmer summer season.

Egypt to Import More Fuel

• Wednesday, 9th November 2016
• by Sarah Samir

The Egyptian General Petroleum Corporation (EGPC) is considering to launch a tender to import 700,000 tons of benzene, diesel, and, mazut oil, with the Ministry of Finance securing $300m to buy the needed cargos by m ...

Caspian Crude Swaps Resume to Cure Iran Fuel Shortages

• Monday, 28th December 2015
• by Egypt Oil & Gas

Iran has announced the resumption of swaps of crude oil for petroleum products with the Caspian littoral states – Turkmenistan and Kazakhstan, after a five year suspension.