The Minister of Petroleum and Mineral Resources, Tarek El Molla, is searching with the ceramic division in the Federation of the Egyptian Industries (FEI) to decrease the natural gas’ prices for the factories and install the debts of the Egyptian Natural Gas Holding Company (EGAS), AlBorsanews reported.

The Chairman of Ceramic Division, Sherif Afifi, said that they agreed upon holding several working sessions and meetings with heads in the petroleum ministry to discuss the demands of the division to reprice natural gas, down to $3 for 1 million thermal unit compared to the current $5.5, in addition to install the debts of the companies’ factories.

He provided that the discussions were positive and directed towards solving the problems of the industry as well as facilitating any obstacles in increasing the production capacity.

Afifi noted that these demands will save 33 factories with a cost of EGP 15 billion and 400,000 job opportunities.