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, Egypt Oil & Gas reports. This means that El-Neel is now marketing and distributing fuel thr...
IMF Recommends Further Cuts of Fuel Subsidies
Eliminating most of the fuel subsidies is a key recommendation of the International Monetary Fund’s (IMF) recent report on Egypt, which showed progress in many macroeconomic indicators, Egypt Oil & Gas reports. Th...
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, the Head of Egypt Gas, Mohamed Shabaan, told Akhbar El Yom Newspaper. Egypt Gas...
Egypt Witnesses Cars Conversion to Natural Gas
The Egyptian International Gas Technology company (Gastec) witnessed a 250% increase in the number of cars conversion to natural gas instead of fuel to be 35 cars per day following the government decision to increase ...
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, which is supported by the country’s Internatio...
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, Minister of Petroleum and Mineral Resources, Tarek El M... Egyptian Cabinet Reduces Fuel Subsidies
Egypt’s Cabinet decided to cut fuel subsidies in order to ease the budget deficit. The decision led to an increase in benzene and diesel prices. Egyptian Prime Minister, Sherif Ismail, said that economic reform ... Vitol, Gunvor to Acquire Petromac in Mozambique
Global oil traders Vitol and Gunvor are interested in purchasing Mozambique’s struggling national fuel distributor company Petromac, Reuters reported. An Executive at Switzerland-based Gunvor and a Senior Invest...
