Ant Bear learned that Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, agreed to implement the bonus approved by President Abdel Fattah El-Sisi for workers in the sector.
The Authority is expected to issue a circular to companies tomorrow from accountant Ashraf Abdullah, Assistant Minister of Petroleum for Financial Affairs.
The increase includes:
Increasing the Petroleum Day grant…half of the month from 3300 to 4100
Bonus disbursement controls
Investment and joint venture companies
12% maximum
600 to the company president
And vice president of the company
525 for assistant president of the company
And the general manager
475 for Assistant General Manager
400 first level
The public sector, the authority and the holdings:-
12% without a maximum
Cut incentive
The president of the company, 900 pounds
Assistant to the company president: 850 pounds
General Manager – Assistant General Manager 800 pounds
The first level is 750 pounds
The second level is 700 pounds
The third level: 650 pounds
Implementation of all items
Starting from the first of March
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