Madbouly Outlines Government’s Strategic Petroleum Measures

• Sunday, 1st September 2024
• by Sarah Samir

During the weekly press conference that followed the government meeting at its headquarters in New Alamein, Prime Minister Mostafa Madbouly addressed several inquiries from journalists and media professionals, respond...

Egypt Plans More Oil Hedging Contracts

• Tuesday, 6th August 2019
• by Editorial Team

The Egyptian government is planning to double the number of crude oil hedging contracts for fiscal year (FY) 2019/20, two government officials reportedly told Enterprise. The government is set to renew two hedging con...

Egypt to Amend Oil Hedging Mechanism

• Thursday, 13th June 2019
• by Mai El Ghandour

The Ministry of Petroleum and Mineral Resources along with the Ministry of Finance are adjusting the hedging mechanism for fiscal year (FY) 2019/2020 amid oil price fluctuations, Al Borsa reported. Oil prices fell bel...

Government Chooses Provider of Fuel Hedging Contract

• Monday, 13th August 2018
• by Editorial Team

The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government, anonymous sources told Amwal Al Ghad. The fuel hedging solution was proposed by the two ministries to prevent risin...

Iraq Mulls Largest Sovereign Oil-Hedging Deal

• Thursday, 25th May 2017
• by Editorial Team

Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico that is considered the largest energy trade in Wall Street, Bloomberg reported. If Iraq...