energy subsidies

Subsidies, Gulf aid to reduce if oil price drops to US$20: center
Business

Subsidies, Gulf aid to reduce if oil price drops to US$20: center

A drop in oil prices to US$20 per barrel could decrease financial and in-kind aid Egypt receives from Gulf countries,…
Govt announces 2015/2016 electricity prices
Business

Govt announces 2015/2016 electricity prices

The Electricity Ministry has announced the new electricity prices for the 2015/2016 fiscal year.
Report: Govt reduces energy subsidies by 40%
Economy

Report: Govt reduces energy subsidies by 40%

A recent report issued by the Cairo Center for Economic Studies on energy subsidies has shown that the government has…
Al-Shourouk: fuel smart cards postponed until next fiscal year
Business

Al-Shourouk: fuel smart cards postponed until next fiscal year

The government intends to postpone the introduction of fuel smart cards until the first quarter of the next fiscal year,…
Nine steps taken to reform Egypt’s energy system
Business

Nine steps taken to reform Egypt’s energy system

- Government decree issued in June 2014, restructuring the energy subsidization system and gradually raising energy prices by 2019.- Repayment…
Govt to apply butane gas smart cards
Business

Govt to apply butane gas smart cards

The government has approved starting the application of smart cards for the distribution of butane gas, having claimed the system’s…
Egypt to buy 102,000 tons of diesel fuel in September
Business

Egypt to buy 102,000 tons of diesel fuel in September

The General Authority for Supply Commodities plans to purchase 102,000 tons of diesel fuel to be delivered in September.  GASC had…
Democratic Current meets to discuss election platform
Egypt

Democratic Current meets to discuss election platform

The parties of the Demoratic Current held a meeting with former presidential candidate Hamdeen Sabbahi on Sunday at the headquarters…
Egypt hopes to tie oil payments to production increases: minister
Business

Egypt hopes to tie oil payments to production increases: minister

Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more…
Govt investigating how to continue funding energy subsidies
Business

Govt investigating how to continue funding energy subsidies

Finance Ministry officials and representatives from the General Petroleum Corporation are currently discussing the amount of funding required to continue…
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