Industry leaders in talks with Oil Minister to reduce natural gas prices for steel producers
The Federation of Egyptian Industries and the House Industry Committee are in talks with PM Sherif Ismail and Tarek El Molla Minister of Petroleum to reduce the natural gas price supplied to steel factories from USD7/mmBtu to USD4.5/mmBtu. Tarek El Molla, noted that producers had failed to meet conditions for the lower gas prices that included reducing steel prices and operating at full capacity. (Enterprise)
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