Petroleum Minister

Petroleum minister denies crisis over repayment of debts
Business

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…
Egypt considering nine fuel exploration offers, minister says
Egypt

Egypt considering nine fuel exploration offers, minister says

Nine international companies have submitted offers for oil and gas exploration projects in Upper Egypt, Anadolu news agency quoted Petroleum…
Minister looks to revitalize mineral exploitation
Business

Minister looks to revitalize mineral exploitation

Minister of Petroleum and Mineral Resources Osama Kamal said Egypt is using only five percent of its mineral resources due…
Petroleum minister takes steps toward legalizing gold excavation in south
Egypt

Petroleum minister takes steps toward legalizing gold excavation in south

Egypt has accelerated its efforts to prevent the illegal excavation of gold in the Eastern Desert, trying to convince local…
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…
Government admits fuel supplies insufficient
Egypt

Government admits fuel supplies insufficient

Ongoing fuel shortages worsened in Cairo and other governorates Sunday, with the shortage in diesel fuel reaching 20–25 percent. The…
Minister: Supply increase helps relieve fuel shortage
Egypt

Minister: Supply increase helps relieve fuel shortage

An increase in supplies over the past five days helped relieve Egypt's ongoing gas and diesel fuel shortage, Egypt's petroleum…
Gas shortages in Egypt escalate despite government’s denial
Egypt

Gas shortages in Egypt escalate despite government’s denial

Gas shortages in Cairo and several Egyptian governorates continued Monday despite repeated government statements denying the crisis, saying that large…
Government considers doing away with gas subsidies
Business

Government considers doing away with gas subsidies

The government is reconsidering its policy of subsidizing petroleum products, said Petroleum Minister Abdullah Ghorab.
Finance Ministry earmarks US$300mn to fund petroleum purchases
Egypt

Finance Ministry earmarks US$300mn to fund petroleum purchases

Egypt’s Finance Ministry allocated US$300 million in mid-July for the Egyptian General Petroleum Corporation to purchase petroleum throughout the first…
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