Ministry of Finance | Egypt Oil & Gas
Finance Ministry Announces New Procedures to Exempt Oil Companies from Fines to Boost Exports
Minister of Finance Mohamed Maait issued a decision to amend some provisions in the executive regulations of the Customs Law. The amendments contribute to strengthening governance and simplifying procedures to reduce ...
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. This came as part of effort to expand the use of n...
PM, El Molla, Finance Minister Discuss Resolving Monetary Entanglements
Prime Minister Mostafa Madbouly held a meeting today to discuss resolving financial entanglements between the Ministries of Petroleum and Mineral Resources, Electricity and Renewable Energy, and Finance. The meeting w...
Egypt Records $13B in Petroleum Exports in Nine Months
Minister of Finance Mohamed Maait has announced that Egypt achieved petroleum exports worth $13 billion with a surplus of $4 billion during the first nine months of the fiscal year (FY) 2021/22, according to a stateme...
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 (FY) 2...
Ministry of Finance’s Debts to MOP Drop to EGP 92 B
The Ministry of Finance’s debt to the Ministry of Petroleum and Mineral Resources (MOP) shrank to EGP 92 billion, compared to EGP 110 billion six months ago, Cabinet Spokesman Nader Saad said. This announcement came d...
Egypt Spent EGP 56.5 M on Vehicles’ Conversion Since April: Maait
Egypt has spent around EGP 56.5 million as green stimulus, shouldered by the state’s public treasury, on the implementation of the initiative of converting the petrol-powered vehicles to run on natural gas since...
Egypt Allocates EGP 2.1 B For Green Initiative Incentives
Egypt has allocated EGP 2.1 billion in the coming 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, Giz...
