Egypt’s gas industry: the urgent need for planning
Egypt’s political crisis has exposed a weakening Egyptian pound, a balance of payments problem, and a sliding economy hit by reduced tourist numbers and collapsing foreign direct investment (FDI) flows. The state has relied upon treasury transfers from Gulf states and has also announced several ener...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2013
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| Summary: | Egypt’s political crisis has exposed a weakening Egyptian pound, a balance of payments problem, and a sliding economy hit by reduced tourist numbers and collapsing foreign direct investment (FDI) flows. The state has relied upon treasury transfers from Gulf states and has also announced several energy bailouts. But it is important not to confuse cause with effect: the political crisis has simply crystallized some of the systemic problems that would have been faced by the Mubarak government, or any other, in due course. One of the most urgent problems has been domestic energy – in particular the gas and power sector. |
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