Petroleum Minister
Energy subsidy expected to increase up to LE140 billion by end of fiscal year
Business
February 5, 2014
Energy subsidy expected to increase up to LE140 billion by end of fiscal year
Petroleum Minister Sherif Ismail said petroleum products subsidy is expected to increase by 10 percent by end of the current…
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…
Egypt considering nine fuel exploration offers, minister says
Egypt
August 4, 2013
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
January 31, 2013
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
January 12, 2013
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
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…
Government admits fuel supplies insufficient
Egypt
September 17, 2012
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
January 23, 2012
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
January 16, 2012
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
August 8, 2011
Government considers doing away with gas subsidies
The government is reconsidering its policy of subsidizing petroleum products, said Petroleum Minister Abdullah Ghorab.