subsidies | Egypt Oil & Gas - Part 5
Kuwaiti Government Studys Gasoline Reforms, Parliament Notwithstanding
Kuwait's government is studying whether to raise fees for its services, Finance Minister Anas al-Saleh told the local press.
Dollar Decline to Save Egypt 200m a Month in Subsidies
A source at EGPC told Egypt Oil & Gas that the local decline in the value of the dollar is a positive factor in ensuring that the amount allotted to energy subsidies in the state budget is not surpassed.
Government Rules Out Fuel Price Increase this FY
A government source informed Egypt Oil & Gas that the government has ruled out raising fuel prices, a decision that is in the hands of sovereign authorities and the Council of Ministers only. This is especially since ...
El Molla: Fuel Subsidy Cuts Reducing Budget Deficit
Egyptian Petroleum Minister, Tarek El Molla, said that cuts in fuel subsidies are quickly reducing Egypt’s budget deficit. The Financial Times reports that spending on fuel subsidies will be reduced from $9b in fisca ...
Tarek el Molla: EGP 15b Spent on Energy Subsidies in Q1
Tarek El Molla, Minister of Petroleum and Mineral Resources said that subsidies for petroleum derivatives in the first quarter of fiscal year 2015/2016 have reached EGP 15b, reported Egypt Oil & Gas.
Tarek El Molla: No Truth to Increase in Fuel Prices
During a press conference at the ministry of petroleum, Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that there will be no decrease in subsidies of petroleum products, reported Egypt Oil & Gas.
Crude Oil Fails to Keep PetroRabigh Profits Afloat
Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported that its profits swung to a net loss in the third-quarter Egyptian Citizens Each Receive an Average of EGP 692 Worth of Subsidized Petroleum Products
In its “budget of citizen costs for the current fiscal year (2015-2016),” the Ministry of Finance announced that the subsidy bill for petroleum products this year was EGP 61.7b—compared to EGP 100.3b—during the last ...
