February 10, 2019 / 4:22 PM / 8 days ago

Egypt sees average oil price of $67 for 2019-20 budget

CAIRO, Feb 10 (Reuters) - Egypt expects an average crude oil price of $67 per barrel for its 2019-2020 financial year budget, according to a finance ministry report published on Sunday.

The country spent 30.169 billion Egyptian pounds ($1.7 billion) on fuel subsidies in July to December 2018, up from 26.651 billion EGP in the same period the previous year, the report said.

Egypt’s financial year runs from July to June. ($1 = 17.6050 Egyptian pounds) (Reporting by Ehab Farouk Writing by Aidan Lewis Editing by Robin Pomeroy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below