Electricity Ministry Debts Hit EGP 90b

• Tuesday, 31st January 2017
• by Sarah Samir

The Egyptian Ministry of Electricity and Renewable Energy's debts increased to EGP 90b

Egypt to Pay for Halted Fuel Cargoes

• Tuesday, 17th January 2017
• by Sarah Samir

The Egyptian Ministry of Petroleum and Mineral Resources will receive $250m from the Ministry of Finance within January to pay dues of fuel providers to be able to import more fuel and release any cargo held in the E ...

Egypt Reviewed Fuel Subsidy Budget Allocations

• Wednesday, 4th January 2017
• by Sarah Samir

The Egyptian Ministry of Petroleum and Mineral Resources is reviewing fuel subsidy allocations for fiscal year 2016/2017 to decide on the amount it will be requested to increase the budget allocation.

Egypt to Issue Financial Guarantee for Wind Farm

• Thursday, 1st December 2016
• by Sarah Samir

The Egyptian Ministry of Finance approved issuing a financial guarantee for a new 250MW wind farm in the Gulf of Suez to be granted to a venture between Toyota, Orascom and GD France.

Egypt to Collect EGP 70b in Tax Disputes

• Thursday, 11th August 2016
• by Egypt Oil & Gas

The Egyptian government approved a draft bill that would settle over 6,000 tax dispute cases worth about EGP 47b ($5.29b), in addition to 150 civil disputes. The total value of uncollected tax arrears has reached EGP ...

Petroleum Ministry Owes EGP 100Bn to Finance Ministry

• Monday, 27th April 2015
• by Egypt Oil & Gas

The debt of the Ministry of Petroleum to the Ministry of Finance has climbed to reach EGP 100bn. The main reason for that was the Ministry’s effort to pay accumulating arrears to foreign partners.