The Deputy Minister of Finance for Financial Policies, Ahmed Kojak, announced that the petroleum sector achieved surplus in the state public budget exceeds EGP 20 billion during the first nine months of the curren ...
The Ministry of Finance is cutting subsidies of petroleum products in the new draft budget project for fiscal year (FY) 2020/2021 by nearly 47%.
In an effort to end the financial debts accumulated for more than 30 years, the Ministries of Electricity and Renewable Resources, Petroleum and Mineral Resources, Finance, and the General Public Sector signed th ...
The Ministry of Electricity has agreed to pay EGP 1.3 billion per month to the Ministry of Petroleum, in exchange for fuel supplies provided to the power generation plants. It has also paid EGP 35 billion of its a ...
Prime Minister Mostafa Madbouly held a meeting with the Ministers of Petroleum, Electricity, and Finance to follow up on resolving financial entanglements.
The Egyptian government is planning to double the number of crude oil hedging contracts for fiscal year (FY) 2019/20.
Prime Minister Mostafa Madbouly held a meeting today to discuss the financial issues and resolve any disputes between the Ministries of Electricity, Petroleum and Finance.
Egypt plans to apply an oil hedging mechanism in fiscal year (FY) 2019/20 that starts in July after its efforts to lock-in oil prices in the FY 2018/19.
The petroleum and finance ministries are adjusting the hedging mechanism for fiscal year (FY) 2019/2020 in line with recent global oil prices.
The Ministry of Finance has officially negated the rumors circulating social media platforms about new fuel prices.
