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Thursday, November 21, 2024 6:29 GMT
Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, provided an update on the country’s energy sector during a Tuesday address to members of the American Chamber of Commerce in Cairo. Badawi highlighted significant progress in narrowing the gap between the selling price and production costs of petroleum products. He noted that the gap for automotive fuels had decreased from 21-25% to 11-15%, while the diesel gap had narrowed from 42% to 31%. The Minister emphasized the...More