Khaled Abu Al Makarem, the Chairman of Chemicals and Fertilizers Export Council (CEC), said that the Ministry of Trade and Industry has received a list of requests from the chemicals and fertilizers sectors on top of which is the reduction of natural gas price to $3.5 per million thermal units to cope up with the international energy prices and reduce costs, Al Borsa reported.
He added that the ministry will raise these requests to a governmental meeting that will witness the participation of the Ministry of Petroleum and Mineral Resources during the upcoming period.
Last March, the government decided to reduce the price of natural gas for industries at $ 4.5 per million thermal units, and it was also decided to reduce electricity prices for industries of super, high and medium voltages, while keeping electricity prices fixed for the rest of industrial uses for a period of 3-5 years to come.
The CEC’s Chairman elaborated that it is targeting increasing the exports to Africa to $2 billion during 2021 versus $1.2 billion during the last year when the total exports of the sector surpassed $5.4 billion.
Abu Al Makarem confirmed that the opening of Commercial Center for Egyptian Products in Sudan will contribute to increasing the exports to Africa.