fuel shortage

Subsidy on 95-octane gasoline to be lifted in 3 days, says Finance Ministry source
Egypt

Subsidy on 95-octane gasoline to be lifted in 3 days, says Finance Ministry source

The Finance Ministry will lift the subsidy on 95-octane gasoline in three days in a move that will bring savings…
State losing billions on energy subsidies, says minister
Business

State losing billions on energy subsidies, says minister

The delay in implementing energy subsidy cuts is costing the state LE10 billion every three months, claimed Petroleum Minister Osama…
Public prosecutor detains six petroleum sector officials
Egypt

Public prosecutor detains six petroleum sector officials

Public Prosecutor Abdel Meguid Mahmoud on Tuesday ordered the detention of six officials from the Misr Petroleum Company for 15…
Petroleum minister: Gas exports to Jordan, Spain halted
Egypt

Petroleum minister: Gas exports to Jordan, Spain halted

Petroleum Minister Osama Kamal said that Egypt has stopped exporting gas to Jordan and Spain because of increasing gas consumption…
Gas shortage threatens new round of power cuts
Egypt

Gas shortage threatens new round of power cuts

The Petroleum Ministry admitted Tuesday that there is a shortage in the gas supply for power stations and explained that…
Major power station fails, triggers more blackouts
Egypt

Major power station fails, triggers more blackouts

One of the nation’s largest power stations came to a complete halt today due to a lack of gas, triggering…
Electricity companies facing fuel shortage, ministry source says
Egypt

Electricity companies facing fuel shortage, ministry source says

Companies are facing fuel shortages that are threatening electricity production in the country, a senior source at the Electricity and…
New mobile gas stations will alleviate long lines, says minister
Business

New mobile gas stations will alleviate long lines, says minister

  Petroleum Minister Osama Kamal announced on Thursday that private fuel companies would begin setting up mobile fuel stations in…
Petroleum Authority restructuring fuel subsidies
Egypt

Petroleum Authority restructuring fuel subsidies

The government is determined to restructure subsidies on petroleum products so that only those who truly need the subsidies would…
Govt says has no intention to abolish subsidies
Business

Govt says has no intention to abolish subsidies

Petroleum Minister Osama Kamal said the government has no intention of canceling  subsidies of petroleum products from which the poor…
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