Egypt Fuel Prices Could See 45% Increase
Egyptian fuel prices could increase by up to 45% during Q1 2018/19, according to a recent report by Beltone Financial Holding.
Fuel | Egypt Oil & Gas - Part 6
El-Neel Adds 7 Filling Stations in 2017
El-Neel Oil Marketing Company added seven new filling stations to its distribution network and developed 37 more in 2017.
IMF Recommends Further Cuts of Fuel Subsidies
The International Monetary Fund (IMF) believes that gas subsidies benefit mainly the rich, advising the Egyptian government to allow fuel prices to change in line with costs.
Egypt Gas to Supply Fuel for New Airport
Egypt Gas Company is prepared to supply the fuel requirements of the airport at the New Administrative Capitol once it begins operations
Egypt Witnesses Cars Conversion to Natural Gas
Gastec witnessed a 250% increase in the number of cars conversion to natural gas instead of fuel to be 35 cars per day.
Fitch: Egypt’s Energy Price Increase Show Commitment
Egypt's new budget and the decrease of electricity and fuel subsidies show that Egypt is committed to the fiscal consolidation as well as the economic reform, the rating agency Fitch Ratings stated.
Oil Sector Covers Gas Needs in Electricity Plants
The Egyptian oil and gas sector succeeded in covering the electricity power plants needs of natural gas and fuel to deal with the unprecedented high temperature in the last three days. Egyptian Cabinet Reduces Fuel Subsidies
Egypt's Cabinet decided to cut fuel subsidies to ease the budget deficit. Vitol, Gunvor to Acquire Petromac in Mozambique
The state-owned fuel distributor has struggled to reliably supply Mozambique with fuel due to cash shortages.
