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Under new agreement Egypt will import up to 1m barrels of crude oil per month, while Gulf aid continues to flow
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.
EGPC says consumption currently 10-20% above normal levels; Prime Minister Qandil blames smuggling
EGPC has to obtain a guarantee from the Ministry of Finance.
Protesting employees demand the removal of administration members while the administration files a report against them
Minister of Petroleum plans to increase fuel production in attempt to meet demand and address nationwide electricity crisis
Aim to provide electricity subsidies and ensure the safe transport of gas to factories
Recent statements made by the petroleum minister regarding the fuel subsidies programme have caused intense controversy within Prime Minister Hesham Qandil’s government.
Electronic payments specialist beat joint NBE-Banque Misr bid for the contract
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.
Ankara had initially refused to engage in official contacts with Iraqi Kurds, fearing that the establishment of an independent Kurdish state there could embolden its own Kurds
EGPC is seeking to buy 968 thousand tonnes of diesel to be delivered between April and June
Petroleum, electricity and finance ministries to hold discussions about price raise
The oil curse explained
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 …
The efforts to solve the electricity crisis continue
Fears of supply shortages arise as Petroleum minister decides to channel more diesel to power stations
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 …
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 …
A committee has been formed between the Ministry of Finance and the Ministry of Petroleum to determine whether additional funds to the EGPC are needed