reform
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El Molla Met with the CEO of GACIC
Monday, 24th April 2017
Tarek El Molla met with German-Arab Chamber of Industry and Commerce (GACIC)'s CEO, Andreas Hergenröther . -
Oil Expert: IMF Loan is a Trap
Monday, 8th August 2016
'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 exclusive interview with Egypt Oil&Gas. -
EGAS, MEDREG Discuss Gas Sector Reform
Sunday, 10th April 2016
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 long term solutions for the gas sector reform are to be implemented. -
Low Oil Prices May Spur Reform in Angola
Wednesday, 27th January 2016
Low oil prices has pushed the Angolan government to move forward with a reform in private investment and public services, but the process seems to be moving slowly. -
Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda
Monday, 24th August 2015
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
Thursday, 9th July 2015
The government reduced subsidies by 47.9% in the first three months of 2015 -
Oil Subsidies Fall to EGP 44.7 Bn in First Half of Fiscal Year
Tuesday, 31st March 2015
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, reported Reuters. -
Saudi Calls for Energy Subsidies Reform
Monday, 9th February 2015
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 down prices for consumers. -
Egypt Considers Cutting Fuel Subsidies by a Further EGP 20 Billion
Monday, 2nd February 2015
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 Thursday.
Latest News
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El Molla Showcases Ramallah Visit Results Before Cabinet
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Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
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Hungary Considers Importing Natural Gas from Egypt
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Egypt, Palestine to Develop Gaza Gas Field
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021