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 Wedne ...

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.

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 this ...

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.

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.

Dubai Smart City Initiative Could Lead to Subsidizing Electric Cars

Incentives for electric vehicles are being studied at various levels

Indonesia Makes Strong Push Towards Biofuel Production, R&D

Indonesia, the world’s biggest palm oil producer, will impose export levies to fund biodiesel subsidies, replanting, research and development.

Bahrain Studying Budget Thanks to Oil Prices, Redirecting Subsidies

A comprehensive study on overhauling the subsidy system is currently underway at Cabinet level in Bahrain

Oil Subsidies Fall to EGP 44.7 Bn in First Half of Fiscal Year

According to a statement by the Ministry of Finance Egypt’s fuel subsidy bill for the first half of the 2014/2015 fiscal year fell to 44.7 billion EGP ($5.85 billion) in comparison to 64.5 bn from the previous year, ...

Egypt’s Petroleum Minister Sherif Ismail Speaks About Planned New Regulatory Agency

The total bill for fuel subsidies during the first half of the current fiscal year (July to December 2014) was EGP 7.44 billion pounds, said Minister of Petroleum and Mineral Resource Sherif Ismail in an interview wi ...

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