Ministry of Finance | Egypt Oil & Gas

Finance Ministry Announces New Procedures to Exempt Oil Companies from Fines to Boost Exports

New measures have been taken to exempt petroleum companies from fines and to stimulate exports, as these companies were allowed to adjust the quantities exported documented according to the actually shipped within ...

Egypt Allocates EGP 3.5B for Natural Gas Deliveries in FY 2023/24 Budget

The Ministry of Finance announced that EGP 3.5 billion will be allocated to cover the costs of delivering natural gas to Egyptian households in its FY 2023/24 budget.

PM, El Molla, Finance Minister Discuss Resolving Monetary Entanglements

Prime Minister Mostafa Madbouly held a meeting today to dicuss resolving financial entanglements between the Ministries of Electricity and Renewable Energy, Petroleum and Mineral Resources, and Finance.

Egypt Records $13B in Petroleum Exports in Nine Months 

The Minister of Finance Mohamed Maait has announced that Egypt achieved petroleum exports worth $13 billion with surplus $4 billion during the first nine months of the fiscal year (FY) 2021/22.

Maait: More Than 20,000 Citizens Benefitted from the Vehicles Replacement Initiative in 2021/22

Minister of Finance Mohamed Maait announced that more than 20,000 citizens have benefitted from the presidential initiative of replacing old vehicles with new ones that run on natural gas during the fiscal year (F ...

Ministry of Finance’s Debts to MOP Drop to EGP 92 B

The Ministry of Finance’s financial debts to the Ministry of Petroleum and Mineral Resources reached EGP 92 billion, up from EGP 110 billion within 6 months.

Egypt Spent EGP 56.5 M on Vehicles’ Conversion Since April: Maait

Egypt's state public treasury has spent around EGP 56.5 million green stimulus value on vehicles' conversion to CNG fueled ones since April 2021. Hence, the number of conversion applications meeting standards reac ...

Egypt Allocates EGP 2.1 B For Green Initiative Incentives

Egypt has allocated EGP 2.1 billion in the next fiscal year’s budget to finance the first phase of the green initiative, which aims to replace 250,000 vehicles to run on natural gas in the governorates of Cairo, G ...

Russia Signs Oil Production Agreement for Boosting Priobskoye Filed Production

Rosneft Company along with the Russian Ministry of Finance and the Ministry of Natural Resources and the Environment has signed an investment agreement for boosting oil production in the Priobskoye field in the fo ...

Madbouly Follows up on Natural Gas Stations’ Expansion

The Prime Minister, Mostafa Madbouly, met with the Ministers of Petroleum and Mineral Resources, Finance, and Tarde and Industry to review the executive situation of natural gas stations, affirming that the expans ...

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