IMF | Egypt Oil & Gas - Part 5
Egypt Pays $750m to IOCs
Egypt paid total $1.5b in arrears to international oil companies (IOCs) in May and June.
El Sisi Meets with IMF’s Chief
The Egyptian President, Abd El Fattah El Sisi, discussed the International Monetary Fund's (IMF) loan program for Cairo with the IMF's Managing Director, Christine Lagarde.
IMF Supports Mozambique’s Fuel Price Increase
The International Monetary Fund (IMF) supports the Mozambican government decision to increase fuel prices as the IMF believes the step will help the African country in facing its struggles with foreign debt.
Egypt to Reprice Electricity Following Increased Fuel Quota
The Electricity Ministry is repricing electricity following the increase in fuel prices as a result of the EGP flotation.
Egypt Spent EGP 14b in Fuel Subsidies
Egypt's petroleum subsidies reached EGP 14b in the first quarter of currently fiscal year 2016/2017, which started in July. This came as a result that Brent is trading at a higher price than the $40/b used in state b ...
Zambia Increased Pump Prices
The retail price of petrol in Zambia would rise by nearly 39%, while the price of diesel would go up by 33% Egypt to Reduce Fuel Subsidies
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt is studying every possible method including increasing prices in order to reduce fuel subsidy's expenditure in fiscal year 2 ...
El Sisi: Egypt to End Its FX Exchange Problem
Egyptian President, Abdel Fattah El Sisi, stated that Egypt would end its dollar exchange rate problem, as the country can’t put off tough measures to revive the economy, while the UAE offer a $1b deposit to the Cent ...
