El Sisi Approves Gas Market Amendments

Sunday, March 31, 2019

Egypt’s president, Abdel Fattah El Sisi, approved amendments to the regulation of the gas market activities law. The amendments involve the part of the law dealing with collecting fines due to violations, according to Mubasher.

Collected fines will be directed to the public treasury, instead of the Gas Regulatory Authority, as the authority gets sufficient money from other sources.

The amendments were made to ensure transparency, as the regulatory authority was responsible for both issuing and collecting violation fines.

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