Fuel | Egypt Oil & Gas - Part 14
Fuel Oil Supplies Soar in Southeast Asia as Russian Fuel is Diverted from Europe
Fuel oil stocks stored in the oil hub of Singapore are the highest in nearly two years as soaring Russian supplies are diverted from Europe, threatening to pressure Asian prices of the product that have rallied 10 per...
Nigerian Fuel Marketers Owed $315 Million in Fuel Subsidy
Nigeria’s main fuel marketers said late Thursday the government has yet to fulfill its pledge to settle Naira 60 billion ($315 million) in unpaid subsidy for gasoline imported in previous quarters, warning that ...
Egypt’s Petroleum Minister Sherif Ismail Speaks About Planned New Regulatory Agency
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 wit... Egypt Considers Cutting Fuel Subsidies by a Further EGP 20 Billion
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 Thur...
Egypt struggles to buy fuel as credit dries up
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 s... Egypt Oil Ministry Gets $100 Million to Buy Additional Fuel
Egypt’s finance ministry said it had given the oil ministry an additional $100 million to buy petroleum products. The cash infusion, announced late yesterday in a statement from the ministry, comes at a time when fuel... Egypt Seeks to End Fuel Subsidies by 2018
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. Amo... 
