EGYPT

Oil Minister Approves Five-Year Consumption Programming Plan

Egyptian Oil Minister Abd El-Hady Kandil has approved a five-year plan of consumption programming designed to rationalize and reduce the use of energy in Egypt. Special emphasis will be put on major public sector industrial establishments where it is hoped to achieve a 15% saving in energy consumption. A sum of E£17mn ($24.3mn at the official accounting rate of $1.00=E£0.70) has been allocated to the plan by...