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English news

06-Nov-2016

Industrial gas prices increases by 59% after EGP devaluation

Industrial natural gas prices have increased by 59% after the EGP devaluation as prices for industrial players ranged from USD 4.5/mmbtu to USD 8/mmbtu, which will be paid in EGP equivalent based on the official Central Bank exchange rate, compared to a prior rate of EGP8.88/USD, according to Al Borsa. (Al Borsa)

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