Power Prices to Remain Stable

• Tuesday, 8th November 2016
• by Egypt Oil & Gas

As a result of the EGP devaluation, the Egyptian Ministry of Electricity will incur about EGP 100b yearly, EGP 50b came due to the repricing of fuel used in power generation. Yet, there will be no increase in the sel ...

Egypt Selects 4 Investment Banks for USD Bond Issuance

• Monday, 22nd August 2016
• by Egypt Oil & Gas

Egypt’s Ministry of Finance picked four banks to manage a dollar bond issuance, as the country plans to sell $3b to $5b in international bonds during the current fiscal year ending June 30 2017, with the first issuan ...

Petroleum Expert: Fuel Imports Costs to Increase by 5% per Month

• Tuesday, 12th April 2016
• by Egypt Oil & Gas

As Egypt devalued its currency with the current exchange rate standing at EGP10.20 for $1, the price of fuel imports will increase by at least 5% per month, petroleum expert, Aziz Effat, told Egypt Oil&Gas.