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A solution for Egypt’s fuel crisis?

The recurring petrol and diesel crises have left Egypt’s streets paralysed and the people angry. Despite the continuity of the diesel crisis throughout the past months, the petrol crisis is primarily affecting Egyptians from middle and upper classes, a phenomenon unprecedented on the current scale. The government has promised the crisis will end once the new smartcard system is in effect. The Daily News Egypt reviews the new system and asks people about the system’s feasibility and convenience to their needs.

Sarah El Masry

A paralysed city: The diesel fuel crisis

Though it is not the first time a gas or diesel shortage has plagued Cairo and several other governorates, the recent crisis in Egypt has left the capital city paralysed due to a major strike organised by microbus drivers. It seems these strikes by transport drivers are much larger than they have been in the past. Daily News Egypt investigates the mounting diesel fuel problems in the country, looking at how they are affecting ordinary citizens and what the government is doing in response.

Sarah El Masry

Kuwait injects $60.5 million into Egypt’s gas sector

The Kuwaiti government, represented by the Kuwait Fund for Arab Economic Development (KFAED), has a signed a deal to loan 17 million Kuwaiti Dinars ( $60 million) to aid the expansion and development of the Egyptian natural gas distribution grid. In the presence of Prime Minister Hesham Qandil, the Minister of Planning and International Cooperation …

Islam Serour

Ministry of Finance allocates $100m for petroleum deficit

The Ministry of Finance (MOF) has allocated EGP 100 million to the Egyptian General Petroleum Corporation (EGPC) for supplying all electricity stations with the required petroleum needs. Minister of Finance Momtaz Al Saeed stated that during July and August, the Ministry allocated EGP 600 million to the EGPC in order to procure the necessary fuel …

Daily News Egypt

Petroleum minister Abdallah Ghorab emphasised the need to readjust subsidy policies in order to reach those in who need it most (AFP Photo)

Petroleum Minster stresses subsidies’ rationalisation

By Ahmed Mokhtar Abdullah Ghorab, Minister of Petroleum and Mineral Resources, has said that the petroleum sector was able to persevere and see some success, despite the difficulties that have faced the Egyptian economy and negatively impacted a number of sectors. He noted that petroleum workers performed well despite the significant increase in demand for fuel …

Daily News Egypt

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