Egypt’s Petroleum Minister Sherif Ismail Speaks About Planned New Regulatory Agency

• Tuesday, 17th March 2015
• by Egypt Oil & Gas

The total bill for fuel subsidies during the first half of the current fiscal year (July to December 2014) was EGP 7.44 billion pounds, said Minister of Petroleum and Mineral Resource Sherif Ismail in an interview wi ...

Egypt Considers Cutting Fuel Subsidies by a Further EGP 20 Billion

• Monday, 2nd February 2015
• by Egypt Oil & Gas

Egypt is considering whether to reduce fuel subsidies by EGP 20 billion ($2.64 billion) next fiscal year, but it needs to study the social implications before reaching a decision, the investment minister said on Thu ...

Egypt struggles to buy fuel as credit dries up

• Monday, 27th August 2012
• by Egypt Oil & Gas

Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due to concerns over its financial and political stability, trading and banking ...

Egypt Oil Ministry Gets $100 Million to Buy Additional Fuel

• Wednesday, 30th May 2012
• by Egypt Oil & Gas

Egypt's finance ministry said it had given the oil ministry an additional $100 million to buy petroleum products.

Egypt Seeks to End Fuel Subsidies by 2018

• Monday, 7th May 2012
• by Egypt Oil & Gas

Egypt may gradually scrap subsidies on oil products by 2018, introducing coupons for gasoline and diesel as part of the phaseout, the independent newspaper Al Masry Al Youm reported, citing unidentified officials.

EGPC Agrees Fuel Deal for Gaza Power Plant

• Wednesday, 7th March 2012
• by Egypt Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) has concluded an agreement with the Gaza authority of energy and natural resources for the supply of fuel to the Gaza Power Plant, the sole operational power plant in ...