Egypt Plans More Oil Hedging Contracts
The Egyptian government is planning to double the number of crude oil hedging contracts for fiscal year (FY) 2019/20.
The Egyptian government is planning to double the number of crude oil hedging contracts for fiscal year (FY) 2019/20.
The petroleum and finance ministries are adjusting the hedging mechanism for fiscal year (FY) 2019/2020 in line with recent global oil prices.
The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government.
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