Egypt Subsidies
Egypt’s energy subsidies have become a burden not only on the oil and gas sector, but also on other sectors in the economy like health, education and transport, Egypt Oil Minister Sharif Isma’il warns.
A 4 October statement on the oil ministry’s website cites Mr Isma’il as explaining that the size of the energy subsidy was a function of various variables such as foreign exchange rates, cost of petroleum imports,...