subsidies | Egypt Oil & Gas - Part 6
Oil Prices Ease Inflation in Egypt
Egypt’s annual inflation decreased to hit 7.9% in August, down from 8.3% in July, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The National explains that the current level of infl ...
Egypt Raised Electricity Prices on High Usage Households
Egypt raised electricity prices on Thursday for mid-to-high household usage by an average of 19 percent for the 2015-2016 fiscal year, the electricity ministry said.
New Study Assesses Energy Subsidies in Egypt
A year after the government cut energy subsidies, including electricity, fuel oil and natural gas, the Egyptian Center for Economic Studies (ECES) released a study on the effects of the energy subsidy reform.
Oman Bolstering Oil Profits Through Subsidy Reforms
The government reduced subsidies by 47.9% in the first three months of 2015
Egypt Earmarks EGP 61bn for Fuel Subsidies
Egypt's draft 2015/2016 budget earmarks 61 billion Egyptian pounds ($8 billion) for fuel product subsidies, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday.
Egypt Spent EGP 126.3bn in Petroleum Subsidies in 2013/14
Egypt has spent EGP 126.3bn on oil products subsidies during the fiscal year (FY) 2013/2014, according to a US Energy Information Administration (EIA) report on Egypt’s energy released in June. Fuel Subsidy Card Posponed
Egypt's President Abdel Fattah El-Sisi asked his government on Saturday to consider postponing a smart card system for subsidized fuel which was due to come into effect in two days, state media said
Bahrain Touted as Model for Energy Reform, Diversification in GCC
Countries in the region have been urged to follow Bahrain's footsteps in diversifying their economies.
