reform | Egypt Oil & Gas
El Molla Met with the CEO of GACIC
A press release to Egypt Oil&Gas stated that Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, met with German-Arab Chamber of Industry and Commerce (GACIC)’s CEO, Andreas Hergenröth...
Oil Expert: IMF Loan is a Trap
‘The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,’ said Ibrahim Zahran, a petroleum expert, in an excl...
EGAS, MEDREG Discuss Gas Sector Reform
The association of Mediterranean Energy Regulators (MEDREG) stated it was committed to supporting the development of competitive and transparent gas market in Egypt as the country has been facing major challenges, and...
Low Oil Prices May Spur Reform in Angola
Low oil prices have pushed the Angolan government to move forward with a reform in private investment and public services, but the process seems to be moving slowly, AFKInsider reported. The country has begun with leg...
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, ...
Oman Bolstering Oil Profits Through Subsidy Reforms
Oman revenues from oil amounted to 1.7 billion Omani riyals (Dh16.21 billion) during the first quarter of this year, according to the latest government financial figures. The figures revealed a drop in net oil revenue...
Oil Subsidies Fall to EGP 44.7 Bn in First Half of Fiscal Year
According to a statement by the Ministry of Finance Egypt’s fuel subsidy bill for the first half of the 2014/2015 fiscal year fell to 44.7 billion EGP ($5.85 billion) in comparison to 64.5 bn from the previous year, r...
Saudi Calls for Energy Subsidies Reform
Saudi Arabia’s central bank governor called for reforms to the country’s lavish system of energy and water subsidies, which drain billions of dollars from the state budget and encourage waste by keeping do...
Egypt Considers Cutting Fuel Subsidies by a Further EGP 20 Billion
Egypt is considering whether to reduce fuel subsidies by EGP 20 billion ($2.64 billion) next fiscal year, but it needs to study the social implications before reaching a decision, the investment minister said on Thur...Page 1 of 1
