Fuel | Egypt Oil & Gas - Part 10
EGPC Waiting for $300m in Delayed Aramco Shipments
The EGPC is waiting for $300m in petroleum shipments from Saudi Aramco as a part of a deal that ended in November. Fuel Smart Card System to Launch May 2016
Khaled Abdul Ghani, smart cards project manager at E-Finance told Egypt Oil & Gas that a 100,000 cars have been added to the smart cards of for the distribution of subsidized gasoline and diesel to the citizens of al ...
CBE Unable to Meet EGPC’s Dollar Needs
The Central Bank of Egypt is unable to provide the Egyptian General Petroleum Corporation with its monthly requirement of $700m for the import of petroleum and gas materials and the payment of loans from foreign banks.
EGPC to Take New Measures for the Transportation, Storage of Fuel
Mohammed Taher, EGPC Vice Chairman for Petroleum Projects and Planning, said that EGPC is taking new measures for the storage and transport of petroleum products within the provinces to prevent jams in front of fuel ...
Dollar Decline to Save Egypt 200m a Month in Subsidies
A source at EGPC told Egypt Oil & Gas that the local decline in the value of the dollar is a positive factor in ensuring that the amount allotted to energy subsidies in the state budget is not surpassed.
Government Rules Out Fuel Price Increase this FY
A government source informed Egypt Oil & Gas that the government has ruled out raising fuel prices, a decision that is in the hands of sovereign authorities and the Council of Ministers only. This is especially since ...
Saudi Aramco Research Network Reaches Detriot
Saudi Aramco has opened a research and development (R&D) centre in the Detroit area of the US as part of company’s global fuels technology program.
El Molla: Fuel Subsidy Cuts Reducing Budget Deficit
Egyptian Petroleum Minister, Tarek El Molla, said that cuts in fuel subsidies are quickly reducing Egypt’s budget deficit. The Financial Times reports that spending on fuel subsidies will be reduced from $9b in fisca ...
