Egypt Oil Ministry Gets $100 Million to Buy Additional Fuel
Egypt’s finance ministry said it had given the oil ministry an additional $100 million to buy petroleum products.
The cash infusion, announced late yesterday in a statement from the ministry, comes at a time when fuel shortages have stoked anger even as officials consider reducing subsidies on petroleum products as a way of cutting costs.
To contact the reporter on this story: Tarek El-Tablawy in Cairo at email@example.com.
To contact the editor responsible for this story: Andrew J. Barden in Dubai at firstname.lastname@example.org.
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.