The government is planning the total abolition of subsidies for petroleum products by 2018, with official sources saying gasoline and diesel would be distributed using coupons over five years, and prices of 95 octane gasoline would be raised...
Eighty-five thousand housing and commercial units in six Upper Egyptian governorates will be provided with natural gas in 2012, Egypt’s Petroleum Minister Abdullah Ghorab has said.
The government is committed to providing all governorates with...
Residents of Damietta protesting expansions to the MOPCO-Agrium factory continued blocking roads and preventing traffic into the harbor and the Ras al-Barr district. They also cut off electricity from the main power station, forcing officials to...
The Ministry of Petroleum officially notified the countries importing natural gas from Egypt that gas exports were suspended due to a "force majeure," in order to avoid any potential legal claim for compensation.
"This procedure is...
Anonymous masked men blew up a portion of the natural gas pipeline running from Sinai to Israel and Jordan Thursday for the seventh time since the 25 January revolution. The saboteurs wrote a message in the sand near the pipeline that read: "We...
Clashes erupted in Damietta on Thursday between the police and residents protesting against the expansion of the MOPCO Agrium nitrogen fertilizer facility in their area.
The clashes, in which five policemen and five protesters are reported injured,...
Seven lawsuits over Egypt's halting of its natural gas supplies through the Sinai pipeline are now being considered by international arbitrators, according to a source at the Egyptian Ministry of Petroleum.
Since February, the Egyptian...
Field Marshal Hussein Tantawi, head of the Supreme Council of the Armed Forces (SCAF), will inaugurate on Sunday three factories in Fayoum as part of celebrations for the 38th anniversary of Egypt's victory in the 6 October War.
The visit comes...
A Petroleum Ministry official has said that shareholders of the East Mediterranean Gas Company, which exports Egyptian natural gas to Israel, did not file lawsuits against Egypt or request international arbitration after the bombing of the gas...
Senior official sources have revealed that the Egyptian government is considering renegotiating with the International Monetary Fund (IMF) for a loan of US$3 billion in order to offset the budget deficit, which currently stands at LE134 billion.
The...