General Petroleum Authority (GPA)
Petroleum minister denies crisis over repayment of debts
Business
October 22, 2013
Petroleum minister denies crisis over repayment of debts
Minister of Petroleum and Mineral Resources Sherif Ismail denied in a press statement on Tuesday that international oil companies operating in…
Presidential election causes slump in fuel demand
Egypt
May 23, 2012
Presidential election causes slump in fuel demand
Diesel and gas demand plunged due to the decrease in the daily activity of Egyptians as half of civil servants…
Egyptian government considers distribution of gasoline by coupons
Egypt
May 8, 2012
Egyptian government considers distribution of gasoline by coupons
Petroleum Minister Abdullah Ghorab on Tuesday said the government is meeting soon to discuss a plan submitted by the General…
Govt asks for LE109 billion in subsidies for petroleum products
Egypt
April 21, 2012
Govt asks for LE109 billion in subsidies for petroleum products
The government will ask parliament to allocate LE108.9 billion or more in subsidies for petroleum products in the budget for…
Oil leaks from 5 spots in Hurghada
Environment
December 7, 2011
Oil leaks from 5 spots in Hurghada
A clean-up effort is underway as authorities try to contain an oil leak at five exploration areas in Gamsha Bay,…
Petroleum authority’s financial problems require drastic solutions, says official
Business
November 10, 2011
Petroleum authority’s financial problems require drastic solutions, says official
A newly formed committee will help reform the General Petroleum Authority's financial structure and find drastic solutions for its mounting…
GPA boasts LE18.6 billion surplus last year
Business
March 22, 2010
GPA boasts LE18.6 billion surplus last year
The state-run General Petroleum Authority (GPA) accounted for 55.3 percent of the total financial surplus achieved by all economy-related government…