VOL. XLVI
No 42
20-October-2003
EGYPT
Domestic Petroleum Subsidies Hitting Government Revenues Hard, Says US Report
Egypts pricing policies for domestic petroleum products and gas are distorting supply and demand and hitting government revenues from the hydrocarbon sector hard, according to a recent report from the US embassy in Cairo. In its Economic Trends Report of August 2003, the US embassy said that subsidized gas deliveries to power plants, which in turn provide subsidized power to...
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