{"id":637400,"date":"2017-11-15T04:14:04","date_gmt":"2017-11-15T04:14:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/talking-heads-remain-concerned-about-the-fate-of-gerd\/"},"modified":"2017-11-15T04:14:04","modified_gmt":"2017-11-15T04:14:04","slug":"talking-heads-remain-concerned-about-the-fate-of-gerd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/talking-heads-remain-concerned-about-the-fate-of-gerd\/","title":{"rendered":"Talking heads remain concerned about the fate of GERD"},"content":{"rendered":"

The airwaves served up an array of topics last night, including concerns over the Grand <\/strong>Ethiopian Renaissance Dam (GERD) talks and Egypt\u2019s fuel subsidy bill<\/strong>.<\/p>\n

The government is sticking to its plans to completely lift fuel subsidies within 4-5 years<\/strong>, but subsidies will remain at their current levels for the remainder of the fiscal year, Oil Minister Tarek El Molla told Hona Al Asema\u2019s Lamees al Hadidi<\/strong>. The state budget has allocated EGP 27.5 bn for fuel subsidies per quarter, but actual spending on these subsidies in 1Q2017-18 came in at EGP 23.5 bn. El Molla said the EGP 4 bn difference is due to a drop in domestic consumption of petroleum and diesel, which has offset the increase in international oil prices. El Molla had said earlier this week<\/a> that fuel subsidy costs rose 68% y-o-y in 1Q2017-18.<\/p>\n

El Molla also announced that the government will be paying USD 750 mn to international oil companies<\/strong> before the end of December.<\/p>\n

El Molla also elaborated on talks with Saudi Aramco to refine a portion of its monthly crude oil shipments in Egypt<\/strong> (we have full coverage on that in the Speed Round).<\/p>\n

The government is also looking to begin exporting natural gas in 2019<\/strong>, by which time Eni\u2019s Zohr, BP\u2019s Atoll, and several other gas fields will be online (watch, runtime: 18:26<\/a>).<\/p>\n

President Abdel Fattah El Sisi and Ethiopia\u2019s Prime Minister will meet in Cairo in December to discuss the stalemate on the GERD<\/strong>, Foreign Affairs Ministry Spokesperson Ahmed Abu Zeid told Lamees. In the meantime, Egypt is working on rallying international support for its position to Ethiopia and Sudan in future negotiations.<\/strong> Abu Zeid noted that talks have thus far been carried out on both the technical and political levels, but the lack of agreement between the three countries on the technical side has made it necessary to ramp up the political effort (watch, runtime: 7:02<\/a>). As we noted earlier in the week, Sudan and Ethiopia have both rejected ratifying the impact studies on the dam.<\/p>\n

Kol Youm\u2019s Amr Adib provided color commentary on the GERD issue<\/strong>, saying it\u2019s time for parliament to question Prime Minister Sherif Ismail and the irrigation and agriculture ministers. He also called for a campaign to rationalize water consumption, specifically asking men to use no more than a cup of water while shaving their beards (watch, runtime: 1:44<\/a>).<\/p>\n

And surprisingly, it was Adib, and not Lamees, also took who noted Mohamed El Erian<\/strong> is being considered for Fed Vice Chairman<\/strong> by the White House (watch, runtime: 2:53<\/a>).<\/p>\n

Over on Al Hayah Al Youm, Ittihadiya spokesperson Bassam Rady<\/strong> discussed the state land seizures of illegally occupied plots.<\/strong> He told host Tamer Amin that the government intends to reprice land plots to investors reasonably when selling it back to them (watch, runtime: 5:27<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The airwaves served up an array of topics last night, including concerns over the Grand Ethiopian Renaissance Dam (GERD) talks and Egypt\u2019s fuel subsidy bill. The government is sticking to its plans to completely lift fuel subsidies within 4-5 years, but subsidies will remain at their current levels for the remainder of the fiscal year, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637400","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3612d154-cda5-4f45-b2fe-bc87badf4e8f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637395],"teaser":"","voice_url":""},"yoast_head":"\nTalking heads remain concerned about the fate of GERD - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/talking-heads-remain-concerned-about-the-fate-of-gerd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talking heads remain concerned about the fate of GERD\" \/>\n<meta property=\"og:description\" content=\"The airwaves served up an array of topics last night, including concerns over the Grand Ethiopian Renaissance Dam (GERD) talks and Egypt\u2019s fuel subsidy bill. 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The minister reaffirmed that the government would not raise fuel subsidies again during this\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632346,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/fuel-subsidies-expenditure-up-34-y-o-y\/","url_meta":{"origin":637400,"position":2},"title":"Fuel subsidies expenditure up 34% y-o-y","author":"enterpriseam admin","date":"8 February 2018","format":false,"excerpt":"Fuel subsidy costs are up 34% y-o-y in 1H2017-18, Oil Minister Tarek El Molla told Reuters. The cost has gone up to EGP 51 bn from EGP 38 bn, but El Molla notes that the spent amount remains EGP 4 bn below budgeted. 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Around EGP 145 bn (up from EGP 110 bn) will be allocated\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650306,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/govt-timeline-to-cut-down-on-subsidies-ends-in-2019\/","url_meta":{"origin":637400,"position":4},"title":"Gov\u2019t timeline to cut down on subsidies ends in 2019","author":"enterpriseam admin","date":"21 March 2017","format":false,"excerpt":"Gov\u2019t timeline to cut down on subsidies ends in 2019: The government does not plan to fully eliminate fuel subsidies, said Oil Minister Tarek El Molla in an extensive interview with Al Shorouk. 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