Bloomberg News

Egypt Allocates Additional $100 Million for Fuel Purchases

July 22, 2012

Egypt’s Finance Ministry said it allocated an additional $100 million for fuel purchases to ensure adequate supplies in the market and took “urgent measures” to ensure that other commodities are available.

The additional funds increased to $6.1 billion the amount given to the Egyptian General Petroleum Corp., Finance Minister Momtaz el-Saieed said in a statement today.

To contact the reporter on this story: Abdel Latif Wahba in Cairo at alatifwahba@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden in Dubai at barden@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus