RIAC :: Oil,Egypt

Search: Oil,Egypt (2 materials)

The Phoenix: Prospects of Egypt’s Oil and Gas Sector

... prices were reaching $90-$100 per barrel, reforms of this sector boded greater implications for the local governments, as they would have had to deal with higher increases in domestic fuel prices, and consequently with the public disapproval. Cheap oil helped Egypt decrease the amount of money allocated to fuel subsidies. However, further action is needed. In fact, the IMF has reiterated that the states of the region should abandon fuel subsidies altogether. The tentative attempts of reforms taken in Egypt ...

13.02.2017

analytics

A Circle of Economic Crisis and Political Instability in Egypt

... Egyptians. New rules concerning the import, namely the abolition of lists of priorities and the reduction of fundings, resulted in a 19% reduction in imports. In line with its reform of the price support system, which absorbs 25% of the budget, the Egyptian government has decided to increase the prices in two critical sectors. First, the prices of oil and gas for factories were raised by about 50%, the former going from 1000 to 1500 pounds per ton, while the latter increased from 4 to $ 6 per each million units. Beside energy, the other sector touched by this policy is that of drugs, where the ...

27.12.2016

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