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Latest in Tag: petroleum minister

EGP 135bn spent on subsidies for current fiscal year

By the end of the current fiscal year the amount spent on subsidies will reach approximately EGP 135bn, compared to the EGP 129 billion spent the previous year, according to Al Al-Mula. Petroleum Minister Sherif Ismail predicted that subsidies for petroleum products for the coming fiscal year will reach about EGP 140bn in case prices …

Daily News Egypt

Gasoline shortage hits Egypt, tempers flare

By Maggie Michael / AP CAIRO: Across Egypt, long lines of cars and trucks snake around the corner from gas stations, drivers spend the night in their vehicles waiting for fuel at the pumps, and gas stations attendants complain of receiving only half their usual quantity of fuel — or none at all. Days into an …


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