Egypt Govt To Phase Out Energy Subsidies
From Ahram Online
Egypt’s government will not be responsible for providing subsidised energy to 14 new cement factories, Hatem Saleh, minister of industry and external trade, told reporters on Sunday.
Existing factories in Egypt will see subsidies gradually cut until the prices they pay for energy match those paid by the fourteen new ventures, Saleh said on Sunday at his first press conference as minister , where he laid out the ministry”s policy orientations for the upcoming period.
