IMF

El Molla Highlights Oil, Gas Achievements During BEBA Webinar

The British Egyptian Business Association (BEBA) hosted a webinar in honor of Tarek El Molla, Minister of Petroleum and Mineral Resources, highlighting the oil and gas sector's achievements.

Angola Plans to Disassemble NOC Sonangol

Angola’s finance minister, Vera Daves de Sousa, has announced plans to start partial disposal of the national oil company (NOC) Sonangol by the end of 2021 or early 2022.

Iraqi Oil Production Remains Unaffected Amid Turmoil

The International Monetary Fund (IMF) has declared Iraq's oil production and oil fields unaffected by the nationwide protests.

El Sisi Affirms Sector’s Natural Gas Self-Sufficiency

The oil and gas sector has succeeded in terms of self-sufficiency, manufacturing and exporting, President Abdel Fattah El Sisi said during the “Ask the President” session, as part of the National Youth Conference held on July 30-31.

Egypt Announces New Fuel Prices

The Egyptian Cabinet announced the new fuel prices on July 5, increasing prices by around 25% after subsidy cuts.

IMF, Egypt Reach Agreement on Egypt’s EFF Fifth Review

The staff-level agreement will still be pending approval from the IMF executive board, which will make the final $2-billion tranche available, bringing total disbursements to $12 billion.

Reforms of Fuel Subsidies to be Completed in FY 2018/19: IMF

The Egyptian government is keen to attain full cost recovery for all fuel products, except for liquefied petroleum gas (LPG) and fuel used in power plants and in bakeries by the end of FY 2018/19.

IMF to Visit Egypt for Final Loan Review in May

Lall praised the economic reform measures taken by Egypt that boost the country's investments and enable its private sector to continue growing.

IMF Approves Fifth Loan Tranche to Egypt

The IMF board completed the fourth review of Egypt's economic reform program, allowing the fifth tranche to be disbursed to the North African country.

IMF Executive Board to Discuss Egypt’s Fourth Economic Review

Christine Lagarde, IMF Managing Director, recommends IMF board to approve the fourth review of Egypt's IMF loan facility.

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