fuel subsidies | Egypt Oil & Gas - Part 5
Sudan Cancels Fuel Subsidies
Sudan has cancelled state subsidies on fuel oil, jet fuel, and cooking gas, lifting all administrative restrictions, which allows for the opening of the sector to the private sector.
Bahrain Approves New Pricing System for Fuels amid Subsidy Cuts
Bahrain’s cabinet has approved a new pricing system for diesel and kerosene introducing a gradual rise of prices for domestic customers, set to take effect in January.
Nigeria Losing Out Due to Subsidies, Crude Prices
The Nigerian National Petroleum Corp. recorded a loss of $1.9b in the first eight months of this year thanks mostly to fuel subsidies
Oil Prices Exert Financial Pressures on Morocco
Morocco's only oil refiner, Samir, called for an extraordinary general assembly meeting on October 16 to approve plans for a capital increase of $1.04b in an effort to end the company's financial difficulties
Egypt Fuel Subsidies to be Distributed Only by Smart Cards
Khalid Abdul Ghani, Director of the Smart Card system for distribution of petroleum products, confirmed that all data for those eligible for fuel subsidies – 5.6m citizens – has been handed over to the traffic author ...
Saudi Arabia On Verge of Fuel Subsidy Reforms
A source in the Gulf oil industry told Reuters that Saudi officials were "seriously" thinking about reducing fuel subsidies, if gradually
IMF Calls on Africa to Cut Fuel Subsidies, Diversify, Exert Fiscal Discipline in Low Oil Price Era
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
Enoc Updates Executives in Tune with Fuel Subsidy Reforms
Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and MD and CEO of Dubai Electricity and Water Authority, was appointed Vice Chairman of the Emirates National Oil Company (Enoc) boar
