subsidies | Egypt Oil & Gas - Part 3
El Molla: Smart Cards Do Not Affect Fuel Prices
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced during a television interview that there is no connection between the fuel smart cards system and the recent fuel prices increase, Amwal ...
Fuel Subsidies to Reach EGP 40b
A source at the General Petroleum Company (GPC) told Al Mal News that the bills of petroleum derivatives subsidies are expected to reach between EGP 35b to EGP 40b in the last quarter of fiscal year 2016/2017. Fuel su...
Egypt to Lift Butane Subsidies by 2019
A source at the Egyptian General Petroleum Corporation (EGPC) stated to Egypt Oil&Gas that the Egypt will lift subsidies from butane bottles, for wealthy citizens, by 2019 after applying butane coupons that are ex...
Ghana Denied Subsidizing GOIL
Ghana’s Finance Minister, Seth Terkper, denied that government pays subsidies to the Ghana Oil company Limited (GOIL), Ghana Web informed. GOIL’s COO, Alex Josiah Adzew said: “We have over 16,000 shareholders. S... EGAS Delivered Natural Gas to Homes in 25 Governorates
According to a report issued by the Egyptian Natural Gas Holding Company (EGAS), Vice Chairman for Planning and Gas Projects, Gamal Hegazy, stated that the total gas aggregation for homes in the fiscal year (FY) 2015/...
Oman Revises Petrol, Diesel Prices
Oman’s Ministry of Oil and Gas has announced the revised petrol and diesel prices to be effective as of March, Gulf News reported. The price of super grade petrol M95 is set at 145 baiza per liter and regular petrol M...
Additional 400,000 Units to be Connected to Gas Grid by March
The Egyptian government has set plans to connect the national gas grid to an additional 400 thousand units by the third quarter of the current 2015/2016 fiscal year. The plans will be funded by the world bank’s ...
El Molla: Infrastructure Investment in the Sector Reached EGP 8.8b
Current infrastructure projects investments for receiving, transfer, and trading of petroleum products in Egypt have hit EGP 8.8b, Tarek El Molla, Minister of Petroleum and Mineral Resources told Al Mal. Already imple...
