Ministry of Finance to Receive 25% of Gas Market Regulatory Authority’s Profits
The Ministry of Finance will receive 25% of the Gas Market Regulatory Authority’s profits, while the remaining 75% will belong to the regulator.
Ministry of Finance | Egypt Oil & Gas - Part 3
Egypt Cancels Fuel Hedging Contracts
The Ministry of Finance has canceled plans to purchase fuel hedging contracts from international financial institutions.
Finance Ministry to Allocate $80/Barrel of Oil in the 2019/20 Budget: Government Official
The Egyptian Ministry of Finance will calculcate the 2019/20 budget using a benchmark oil price of $80 per barrel.
Egyptian Finance Ministry to Issue Letters of Guarantee for 30 Solar Firms
The Egyptian Ministry of Finance plans to issue letters of guarantee for 30 solar energy firms under the terms of phase II of the Feed-in-Tariff (FiT) program.
Egyptian Government to Prioritize Energy Rationalization in New FY Budget
Egypt's Official Publication of Preparations of 2018/2019 Fiscal Year (FY) budget has stated a number of reforms aiming at rationalizing energy subsidies and expenditure.
E&P Activities to be Exempted from VAT
The Egyptian Ministry of Finance is preparing a list of oil and gas exploration-and-production (E&P) activities to be exempted from the value-added tax (VAT).
El Jarhi: Cutting Fuel Subsidies to Aid Lower Income Groups
Egyptian Minister of Finance, Amr El-Jarhi, stated that fuel and electricity subsidies are flawed and assured that moving the prices will aid in rebalancing the system MoF: No Increase in Fuel Prices until Next July
There will be no further increase in fuel prices during the fiscal year (FY) 2017/18, according to the Egyptian Minister of Finance.
Parliament Approves Guarantees for MIDOR and ASORC
The Egyptian Parliament approved the guarantees offered by the Ministry of Finance for MIDOR and ASORC's $2.6b fund.
