international financial institutions | Egypt Oil & Gas

Egypt to Purchase Insurance Against Oil Price Fluctuations

The Egyptian cabinet has announced that the country will purchase insurance contracts from international financial institutions to hedge against fluctuating global oil prices.

Egypt to Start Phase II of FiT in October

The Egyptian Prime Minister, Sherif Ismail, announced that the launch of phase II of the solar power purchasing Feed-in Tariff (FiT) program will on the October 28th, at which date the new tariffs will be implemented.

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