spending cuts | Egypt Oil & Gas

Egypt Orders 20% Cut in Public-Sector’s Electricity Use

Egypt’s Cabinet has approved a draft decision requiring government entities to reduce electricity consumption by 20% and fuel use by at least 30% for three months, as the government seeks to rationalise public spendin...

Global Oil&Gas Investments to Fall to Six Year Low in 2016

Global oil and gas investments are expected to fall to $522b in 2016, the lowest in six years, following a 22% drop to $595b in 2015, data published by the Oslo-based consultancy, Rystad Energy, showed, Reuters report...

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