2 Days
Source:
بوابة الشروق
_1777352142843_145525226.png&w=64&q=75){kind=small}
Source: بوابة الشروق
2 Daysبوابة الشروق
Source: بوابة الشروق
2 DaysReady to play
Ready to play
Fakhry El-Feki said that a prolonged war and geopolitical tensions could push oil prices to $140 a barrel in the most pessimistic scenario. This could raise Egypt’s energy subsidy bill by around EGP 120 billion, in addition to the roughly EGP 104 billion allocated for electricity. In another scenario, prices could fall below $100. Reaching $140, however, would require increasing budget appropriations and obtaining approval from the House of Representatives. El-Feki called for broader hedging through futures contracts and greater investment in domestic exploration, research, and production to mitigate the impact of energy-price volatility.
Notice: This Is an AI-Generated Summary
Comments (0)