| The subsidies bill for petroleum products will drop in fiscal year 2014/2015 to nearly EGP 60bn compared to EGP 100bn especially allocated from the state’s budget, according to petroleum expert Mohamed Shoaib’s predictions.
Oil prices began to increase with the start of trade in May, with an average price of $67 per Brent barrel, compared to $57 as a maximum price last April. This came as a result of the increase of demand on crude oil in international markets, and the suspension of air strikes on Houthis in Yemen...............................................Full Article: Source
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