CAIRO – Egypt’s energy subsidies for the 2015-16 financial year will total between 45 billion and 48 billion Egyptian pounds ($5.07 billion-5.41 billion), Oil Minister Tarek al-Molla told privately-owned television channel CBC Tuesday.
The government plans to list four public sector oil companies on the Cairo stock exchange “not before” September 2016, Mullah added.
($1 = 8.8799 Egyptian pounds) (Reuters)
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