subsidies | Egypt Oil & Gas - Part 7
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. UK-based economist Scott Corfe, who is the economic adviser for the Institute of Chartered Accountants in En...
Bahraini Drive Against Subsidies To Tackle Electricity Next
Electricity and water subsidies will be the next to be axed as part of the Bahrain government’s cost-cutting measures, it has emerged. The Cabinet last week announced it was scrapping meat subsidies altogether f...
Removal of Nigeria’s oil Subsidies Will Be a Challenge
Nigeria’s crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be a fraught process, the chief executive of energy company Sahara Group said on ...
Nigeria Slashes 2015 Fuel Subsidy Due to Price Slide
Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices. The government had said it would gradually phase out fuel subsidies which are a signifi...
Nigerian Fuel Marketers Owed $315 Million in Fuel Subsidy
Nigeria’s main fuel marketers said late Thursday the government has yet to fulfill its pledge to settle Naira 60 billion ($315 million) in unpaid subsidy for gasoline imported in previous quarters, warning that ...
Petroleum Minister: No Increase in Energy Prices in July
The Cabinet has decided to postpone the hike in energy prices, scheduled for July, due to the worldwide decline in prices of oil, Petroleum Minister Sherif Ismail said. The minister stressed that the government intend...
Saudi Adamant on Electricity, Water Subsidy Reforms
Saudi Arabia should eventually consider raising its domestic water and power prices to limit rapid growth of consumption in the world’s largest oil exporter, a deputy electricity minister said on Tuesday. Demand...
Dubai Smart City Initiative Could Lead to Subsidizing Electric Cars
Users of electric vehicles could soon be offered a number of incentives, including a subsidised price for their favourite car, as the government of Dubai studies ways to promote the eco-friendly vehicles. As part of t...
