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    Fox News: Egypt's Finance Minister Says Discovery of New Natural Gas Field Won't Stifle Subsidy Reform

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Summary

Egypt's finance minister has said that his country will continue their efforts to slash energy subsidies after Eni's supergiant Zohr field discovery

by: Erica Mills

Posted in:

Press Notes, Africa

Fox News: Egypt's Finance Minister Says Discovery of New Natural Gas Field Won't Stifle Subsidy Reform

Egypt's finance minister says that the discovery of a massive new offshore natural gas field will not slow down his country's efforts to slash energy subsidies.

Speaking at a business conference in Cairo organized by Euromoney on Monday, Hany Kadry Dimian said: "It will not stop us from continuing to implement the reforms that we need ... or give us room to maneuver with delays."

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