The Egyptian government is currently conducting new negotiations with a number of foreign suppliers to import fuel for April and May.
The Egyptian government is willing to reduce the energy consumption to avoid increasing energy subsidies allocations to EGP100b in 2017 / 2018 budget.
A governmental official stated to Egypt Oil&Gas that sovereign authorities are strongly rejecting the raise in prices of petroleum products during the current fiscal year 2016/2017.
Egypt Air's arrears for the Egyptian oil and gas sector increased to be EGP 8.2b in March 2017.
Egypt needs around 2m tons of fuel annually to fill the gap between supply and demand.
Former Egyptian Minister of Petroleum, Osama Kamal, said refineries can replace Aramco halted shipments.
Egyptian Presidency urged the delivery of natural gas to households across the governorates to replace butane consumption.
Egyptian government plans to increase natural gas production from 4.5bcf/d to be 6.2bcf/d within 2017.
Egyptians who applied for fuel smart cards until the 10th of March 2017 reached 6.2m citizens.
USD Exchange rate increases diesel and benzene import bills by $50m per day.
Sherif's Cabinet agreed on allocating ten liters of subsidized fuel a day for each citizen registered in the smart card system.
Egypt's cabinet considers cutting energy subsidies by 10% in the next fiscal year (2017-2018).
Tarek El Hadidi said that EGPC decided to allocate 400,000 subsided LPG cylinder to slums all over Egypt.
Egypt in talks with Libya to import 1mb of crude oil a month for one year.
The Egyptian Cabinet headed by Eng. Sherif Ismail, is considering adjusting natural gas prices of some agreements signed with foreign oil companies operating in the Egyptian petroleum sector.
PAS is targeting an increase in its helicopter fleet to match the research and exploration in deep water, which represents the future of exploration in Egypt.
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 Egyptian Natural Gas Holding Company (EGAS) will hold a meeting with factories with late dues in order to reschedule payments.
Egypt is in talks to import 2.3m tons of benzene annually during 2017.
The Egyptian General Petroleum Corporation plans to pump 16,000 tons of gasoline, and 35,000 tons of diesel to gas stations all over Egypt by the start of March in attempts to meet local demand.