Minister of Petroleum | Egypt Oil & Gas - Part 38
Fuel Subsides to Reach EGP 64b
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the cost of fuel subsidy will increase to EGP 64b during fiscal year 2016/2017 after the current devaluation.
Egypt Pumps Natural Gas to Dairut
the Egyptian Natural Gas Holding Company’s (EGAS) pumped natural gas for the first time to Dairut City in Assiut.
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 ... El Molla Provided Aid to Ras Gharib
the Egyptian oil and gas sectors contributed in emergency relief operations all over the country. It participated in relief operations in Ras Gharib to face the consequences of floods.
EGAS Extended Gas Pipeline
The Egyptian Natural Gas Holding Company completed an extension of the gas pipeline located west of the Nile and passing below the river to deliver gas to Beni Suef Governorate.
El Molla Met with US Delegation
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the US delegation to Egypt in an event hosted by the American Chamber and the U.S.-Egypt Business Council (USEBC).
Egypt to Produce 5bcf/d of Gas
Egypt's production of natural gas will increase to 5bcf/d in the 2017/2018 fiscal year, from it's current level of 4.35bcf/d.
US, Egypt to Talk Investments
A US business delegation to Egypt led by David Thorne, senior advisor to Secretary of State John Kerry arrived to Cairo to meet with Egyptian ministers.
