Bulgarian Shipment Eases Egyptian Fuel Crisis

Business » ENERGY | September 26, 2012, Wednesday // 11:35

Egypt's fuel shortages have been eased, as the country has received a new 32 ton shipment from Bulgaria at the Alexandria seaport, according to a local media report.

Egypt Independent has cited sources from the Ministry of Supply and Internal Trade saying that the new shipment will help solve the fuel crisis seen across most of the country's provinces. The supply will be pumped into the market immediately.

The sources said the ministry's regulatory bodies have been conducting intensive inspections of oil stations and butane gas storehouses, during which they seized half a million liters of petroleum products that had been on the way to the black market. They added that 1,000 butane canisters were also seized as part of their campaign.

Egypt has been witnessing recurrent fuel shortages since the popular uprising which toppled former President Hosni Mubarak in February 2011. Fights, and sometimes killings, are often reported as citizens vie for limited supplies.

The government has unveiled its intention to cut fuel subsidies, of which businesses are the main beneficiaries. Ordinary citizens, the government says, will not be affected by the cuts.

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Tags: fuel, fuel shortages, fuel crisis, Egypt, shipment, Bulgarian

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