parliament | Egypt Oil & Gas - Part 2
Kuwait Oil Minister Survives Vote of No Confidence
The Kuwaiti parliament has renewed confidence in Minister of Oil and Minister of Electricity and Water Bakheet Al-Rashidi in a vote at the National Assembly on May 10, Kuwait News Agency (KUNA) reported. Out of the 45...
El Molla: Egypt Aims For 5% Petroleum Products Import Rate
Egypt plans to develop refineries during the upcoming four years to decrease the import rate of petroleum products to 5%, compared to the current rate of 35%, Egyptian Minister of Petroleum Tarek El Molla has said, ac...
Iraq to Establish National Oil Company
The Iraqi parliament voted on March 5th to create a national oil company that will handle the country’s energy sector, lawmakers told Reuters. “A draft resolution for the return of INOC had been ratified by the ...
Egypt to Establish Nuclear Power Regulator in January
The Egyptian Ministry of Electricity and Renewable Energy is planning to finalize establishing the nuclear power industry regulator body by January 2018, a source at the ministry told Al Mal News. The nuclear power re...
El Sisi Signs the New Gas Regulatory Law
Egyptian President Abd El Fattah El Sisi signed the new gas regulatory law, reports Al Ahram. Law number 196 for 2017, which aims at governing Egypt’s gas market, had been previously passed by the Egyptian Parliament....
Parliament Approves Guarantees for MIDOR and ASORC
The Egyptian Parliament approved the draft law submitted by the government allowing the Ministry of Finance to guarantee Middle East Oil Refinery (MIDOR) and Assiut Oil Refining Company (ASORC) their $2.6b fund from t...
Egypt to Set New Nuclear Construction Law
The Egyptian Parliament’s Energy and Environment Committee will discuss a new law that aims to regulate nuclear plants construction in Egypt, reported Amwal Al Ghad. The new nuclear law consists of 19 articles. ...
Egypt Reviewed Fuel Subsidy Budget Allocations
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 required from the Ministry of Finance and the Egyptian Parlia...
