fuel shortage
Subsidy on 95-octane gasoline to be lifted in 3 days, says Finance Ministry source
Egypt
November 22, 2012
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
October 29, 2012
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
October 23, 2012
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
October 15, 2012
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
October 9, 2012
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
October 8, 2012
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
October 8, 2012
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
September 27, 2012
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
September 24, 2012
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
September 24, 2012
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…