Abdulrahman Farrag

IT General Director

cairo

Telephone: 22545726

Mobile: 01025914307

Oil & Gas news

Falling oil prices, stable exchange rates set stage for potential Egypt fuel cuts

Egypt’s automatic pricing committee for retail fuel products is set to resume its periodic meetings during the first quarter of the new fiscal year.

Egypt expects to import around 3.9 billion cubic feet (bcf) of natural gas per day during the current summer season.

The committee can increase prices, keep them unchanged or reduce them, depending on the cost of supplying fuel to the Egyptian market.

This will allow fuel prices to be reviewed every three months based on global oil prices and other market factors

The parties discussed the application of modern extraction technologies, including horizontal drilling and hydraulic fracturing.

Oil & Gas Events

EGYPES 29.03.2027

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