Egypt's PM Sherif Ismail's cabinet wants to reschedule the debts to be paid to foreign oil companies operating in the Egyptian sector during 2017 in order to be able to pay out the entire debt by 2019.
The cost of Egypt's power subsidy has increased from EGP 30b to EGP 60b for the current fiscal year 2016/2017.
The Egyptian Cabinethas authorized the application of reduced gas prices for the sector as of October, instead of September.
The Egyptian Cabinet is considering the usage of coal usage a fuel alternative to natural gas in fertilizers and cement factories starting January 2017.
The Egyptian Cabinet of Ministers approved the waste-to-energy feed-in tariffs pricing recommended by the ministerial committee assigned to study projects for energy production from agricultural, solid, and communal wastes.