Egypt energy subsidy bill to hit $5 bln-5.4 bln in fiscal 2015-16: minister
Petroleum Minister Tarek al-Mulla - YOUM7

CAIRO: Egypt’s energy subsidies for the 2015-16 financial year will total between 45 billion and 48 billion Egyptian pounds ($5.07 billion-5.41 billion), Oil Minister Tarek al-Molla told privately-owned television channel CBC Tuesday.

The government plans to list four public sector oil companies on the Cairo stock exchange “not before” September 2016, Mullah added.


Recommend to friends

Leave a comment