9 Hrs
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اقتصاد
Source: اقتصاد
9 Hrsاقتصاد
Source: اقتصاد
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Egyptian fertilizer companies were informed of a new 33% cut in natural gas supplies, following an earlier 20% reduction, as authorities seek to curb reliance on costly LNG imports amid falling supplies and rising prices. MOPCO and Abu Qir Fertilizers said they would adjust production to match the available gas, while Abu Qir drew up plans to manage its inventories and reschedule maintenance. The Ministry of Petroleum allocated $10.1 billion for LNG imports in fiscal year 2026–2027, but had spent $5.8 billion by October 6, with the budget expected to be exceeded.
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