• 4 minutes Permian in for Prosperous and Bright Future
  • 7 minutes Amount of Oil Usage in the United States
  • 10 minutes America Could Go Fully Electric Right Now
  • 38 mins Something wicked this way comes
  • 50 mins Why NG falling n crude up?
  • 6 hours US after 4 more years of Trump?
  • 1 day Famine, Economic Collapse of China on the Horizon?
  • 2 days Oil giants partner with environmental group to track Permian Basin's methane emissions
  • 2 days .
  • 23 hours Top HHS official takes leave of absence after Facebook rant about CDC conspiracies
  • 1 day Nord Stream 2 Halt Possible Over Navalny Poisoning
  • 3 days The Perfect Solution To Remove Conflict Problems In The South China East Asia Sea
  • 1 min Ten Years of Plunging Solar Prices
  • 1 day .
Libya’s Oil Production Set To Rise To 260,000 Bpd Next Week

Libya’s Oil Production Set To Rise To 260,000 Bpd Next Week

Libya’s National Oil Corporation (NOC)…

Egypt Sentences Five People To Death For Deadly Oil Pipeline Explosion

An Egyptian criminal court sentenced this week five people to death for oil pipeline damage that killed nine people in November, Egyptian media report.

Five other people who were involved in the pipeline destruction received a sentence of 25 years in jail.  

The ten defendants rented in October a private property in northern Egypt, through which a petroleum pipeline passed, to dig underground and place smaller pipes to steal fuel from the pipeline.

In the middle of November 2019, the would-be petroleum thieves accidentally ruptured the pipeline while trying to steal gasoline, causing a leak and a fire that killed nine people and injured more than a dozen others. A hospital in the area of the village between Alexandria and Cairo was full of survivors from the fire, and there appeared to be more wounded people treated for injuries than reported, one resident told Reuters at the time.  

Egypt’s top prosecutor, Hamada al-Sawy, had referred the defendants to a criminal court in the country after the failed fuel thieves confessed to their crime.

In recent years, Egypt has been gradually cutting its fuel subsidy program, aiming to let fuel prices reach international levels and stop subsidizing fuels as part of a program for economic reforms backed by the International Monetary Fund (IMF) in exchange for loans.

By the middle of 2019, Egypt had phased out subsidies on most fuels, saving government expenses in the process, but allowing fuel prices for consumers to rise.

In July 2019, Egypt decided to create a committee that would set the fuel prices in the country every three months, based on international oil prices. This committee is expected to soon announce the new fuel prices as of April 1, and is considering slashing them by 20-30 percent, due to the low oil prices and the challenges for the economies in the COVID-19 pandemic, local outlet Ahram Online reported this week, citing a source with knowledge of the matter.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News