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Energy Committee Discusses Energy Prices
The Energy and Environment Committee of the House of Representatives, chaired by Tarek El-Molla and with the Minister of Petroleum, held a vital discussion regarding the state and prices of energy. The talks covered important topics such as oil and gas production policies, declining production, and rising fuel prices. The Minister of Petroleum explained that the decrease in gas production is due to objective reasons, and that the Denedis field possesses substantial reserves that could support local production. He also highlighted efforts to boost output through modern technologies and expand renewable energy sources. Additionally, he pointed out that the decision to increase fuel prices was made at a time when oil prices were between $110 and $120 per barrel, emphasizing support for measures aimed at increasing production and reducing imports.
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