El Molla: Energy Subsidies Lower Due to Global Price Decline

• Monday, 28th December 2015
• by Egypt Oil & Gas

Egypt spent EGP14b on petroleum subsidies in Q1 of the 2015-16 fiscal year, according to Petroleum Minister, Tarek El-Molla quoted by Ahram Online. The Minister compared these figures to the EGP18b spent during the Ju...