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بوابة الشروق
Foad: Summer Energy Imports $2.5-3B/month
MP Mohamed Fouad stated that the energy import bill during the summer will reach between 2.5 to 3 billion dollars per month due to increased fuel imports, alongside a decline in oil field production from 7 billion to 3.8 billion cubic feet as a result of foreign companies halting development activities. He explained that the cumulative energy deficit from 2023 to 2025 amounted to approximately 42 billion dollars, and that settling outstanding payments with foreign companies has helped restore economic activity in the oil sector, despite the failure to achieve a permanent reduction in debts.
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