Indian Streams Research Journal

Volume : V, Issue : XI, December - 2015

NEGATIVE AND POSITIVE IMPACTS OF THE OIL PRICE DECLINE ON THE EGYPTIAN ECONOMY

Fatima Ahmed Shafiq , Nagwa El Agroudy , Heba Yassin Abdel Fatah and Soheir Mokhtar

By : Laxmi Book Publication

Abstract :

The study handled the negative effects of the decline in the prices of oil in Egypt. It aimed at identifying the influence of this fall on the different sectors of the country. The results showed that the total earnings of oil in the balanced budget of the year 2014/15 have reached LE. 110.81 billion or about 20% of the total earnings of the balanced budget. The study also showed that the most important reasons for the fall is the insistence of the oil exporting counties not to decrease the amounts of production despite the fall in prices. Consequently, this has led to the great increase in the demand of oil, the United States’ inclination towards producing rocky oil and increasing the production so that it reaches 4 million barrel per day. This fall in the prices could also be a political game against Russia, which produces 10 million barrel a day and mainly depends on exporting pure oil.

Keywords :

• Egyptian Money Markets
• Egyptian Money Markets
• Egyptian Money Markets

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