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Civil Aviation & Petroleum Ministries Cooperation

Source: www.gulfoilandgas.com 12/10/2013, Location: Africa

According to the efforts of Mr. Abdul Aziz Fadel, Minister of Civil Aviation, to ease the burden of Private Aviation companies, and after the negotiations with Eng Sherif Ismail, Petroleum Minister, the petroleum companies accepted to make the special Egyptian companies to pay the price of fuel in Egyptian pounds starting from 1st January 2014 and for a period of three months.

The Civil Aviation minister had a meeting with chief executive officers and the representatives of the Private Egyptian companies on 27 October, 2013 to discuss the current situation of their Inability to bear the losses.

In that meeting, the Private Egyptian companies requested the petroleum ministry to accept payment of the price of fuel in Egyptian pounds instead of US Dollars, and the minister had promised to discuss this demand with the petroleum minister.

the petroleum minister said yesterday “ although the additional burdens of the Petroleum General Authority due to importing large amounts of petroleum products in foreign currency, we take into account the exceptional circumstances emphasized by the Minister of Aviation and experienced by private airlines at the moment. "

Finally, Mr.Fadel thanked the petroleum minister for his understanding of the current status of the Egyptian companies, and stressed that this step reflects the full cooperation between the various ministries for the benefit of the investors and citizens.

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