Egypt replaces petroleum marketing head

13 March 2013

Egyptian government struggling with cost of subsidies amid economic crisis

Egypt’s Petroleum Ministry has replaced the chairman of state-owned oil products marketing firm Misr Petroleum, Nasr Abu al-Saud, as part of a wider reshuffle amid fuel shortages across the country.

Al-Saud has been succeeded by Said Mustafa, previously chairman of state-owned refiner and distributor, Petrotrade, according to MENA, the state-run news agency.

Al-Saud had been chairman of Misr Petroleum since late-2011.

Oil Minister Osama Kamal has also ordered an additional 1 million litres of diesel to be supplies to filling stations to ease shortages. On 9-10 March, Egyptian bus and truck drivers blocked major roads across the country in protest over shortages of diesel since the beginning of the year.

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