subsidies | Egypt Oil & Gas - Part 6
Egypt Saved EGP 30b as Oil Prices Dip
Sources at the Petroleum Ministry revealed to Egypt Oil & Gas that the current global price of oil reaching $48 a barrel will save the state nearly EGP 30b during the current fiscal year (FY) alone, as the governm... Tuk Tuks and Motorcycles to Be Included in Smart Card System
In a statement made to Egypt Oil & Gas (EOG), Khaled Abdul Ghani, Director of the Smart Card system, said that statistics are being compiled for or those eligible to receive subsidies within the smart cards system...
Fertilizer Factories Demand Gas From Ministry After Production Stoppages
Muhammad Fayez, director of a fertilizer factory in Helwan, said that a comprehensive memorandum will be sent to the Ministry of Petroleum with all the gas needs of fertilizer factories for the current summer period. ...
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 Mobilization and Statistics (CAPMAS). The National explains that the current level of infla...
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. The government began raising electricity prices la...
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. Accordin...
Oman Bolstering Oil Profits Through Subsidy Reforms
Oman revenues from oil amounted to 1.7 billion Omani riyals (Dh16.21 billion) during the first quarter of this year, according to the latest government financial figures. The figures revealed a drop in net oil revenue...
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 Sa...
