Egypt Allocates New Properties for EGPC
President Abdel Fattah El Sisi issued decree number 338 on August 1.
Petroleum Products | Egypt Oil & Gas - Part 11
Qalaa Holdings Explains Reduced Stake in ERC
Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.
Petroleum Products Exports’ Value Jumps by 231% in April
The value of petroleum products exports hiked by 231.1% and crude oil by 35%, increasing the value of the total exports by 0.5% to reach $2.58 billion in April 2019.
Government Closely Monitoring Fuel Market
Operations rooms at the Ministry of Petroleum and the Cabinet's Information and Decision Support Center (IDSC) are closely following fuel distribution and transportation prices.
Petroleum Products’ Subsidies Backs Economic Reform Program
The new petroleum products’ subsidies come in line with Egypt’s economic program, which aims to boost the sector.
Petroleum Arrows Controls 23% of Product Transportation
Petroleum Arrows' market share in petroleum products transportation across Egyptian governorates stands at 23%, with a rate of about 8.5 million liters per day.
Egypt’s Biggest Budget Sees EGP 52.9 B Petroleum Subsidies
Petroleum product subsidies have been decreased by nearly 40% to EGP 52.9 billion in the public budget for fiscal year 2019/2020.
Ministry of Finance Denies Rumored New Fuel Prices
The Ministry of Finance has officially negated the rumors circulating social media platforms about new fuel prices.
Egypt Files 75 Cases Against Petroleum Manipulators
The Egyptian supply and trade police was able to monitor movements in the Egyptian market and to file 75 cases against petroleum products and butane cylinders manipulators in four days.
Petroleum Products Consumption Falls by 3.69% YOY
Egypt's petroleum products' consumption dropped by around 3.69% YOY in March 2019 to 2.711 million tons, compared to 2.815 million tons in the same month last year.
