petroleum ministry | Egypt Oil & Gas - Part 3

Egypt to Reduce Energy Subsidies to Under $8b in FY2016

The Egyptian government will reduce energy subsidies to less than $8b this fiscal year,

Ministry of Petroleum Offers Incentives to Investors

In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors.

Energy Subsidies to Decrease by 5% This Year

A source at the Petroleum Ministry told Egypt Oil & Gas that the Egyptian government only aims to reduce energy subsidies by 5% during the current budget of this fiscal year. The percentage is set at a lower than exp ...

Ministry of Petroleum to Boost Fuel Supply for Eid

Tarek El Molla, Egypt's new Oil Minister, announced that the ministry will ensure additional quantities of diesel fuel and gasoline are supplied to the market especially during the feast days, with a focus on highwa ...

Tarek El-Molla to be Egypt’s New Petroleum Minister

Tarek El-Molla has been appointed as the new Minister of Petroleum of Egypt, Egypt Oil & Gas has learned.

Fertilizer Factories Demand Gas From Ministry After Production Stoppages

Muhammad Fayez, director of a fertilizer factory in Helwan, said that a comprehensive memorandum will be sent to the Ministry of Petroleum with all the gas needs of fertilizer factories for the current summer period

New Prime Minister Sherif Ismail Meets with President Sisi, Ordered to Appoint New Cabinet Within Week

President Abdel Fattah El-Sisi met with Sherif Ismail, the former petroleum minister, at his palace on Saturday, Egypt Oil & Gas has learned.

Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda

Sherif Ismail, Minister of Petroleum and Mineral Resources, met yesterday with the First Undersecretary of the Ministry as well as other oil sector heads to determine the course they would take in this current stage.

UPDATE: BW Gas Finalizes Deal to Provide Egypt with Second FRSU

UPDATE: On Monday, EGAS Chairman Khaled Abdel Badie and BW Gas CEO Carsten Mortensen signed the contract for Egypt's second FRSU, the Cairo Post

Petroleum Ministry to List 3 Government Oil Companies on EGX in 2015

Egyptian Minister of Petroleum Sherif Ismail announced that Egypt will choose a local investment bank during the third quarter of the current year to list 3 companies on EGX before the end of 2015, reported Reuters.

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