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Egypt signs hedging contracts against oil price increase

Egypt has sealed hedging contracts for a substantial volume of imported petroleum products, Prime Minister Moustafa Madbouly said in a press conference.

Updated 9/1/2024 7:39:00 AM
Egypt hedges 35% of total oil needs for FY2023/24

Egypt has signed oil hedging contracts for fiscal year (FY) 2023/2024, hedging up to 35% of its total local needs of oil imported from abroad amounting to 100 million barrels.

Updated 9/3/2023 10:23:00 AM
Egypt inks hedging contracts against volatile crude prices for Q4 FY2022/23

The Egyptian government has signed hedging contracts against fluctuating global crude prices for imported oil in the fourth quarter (Q4) of the current fiscal year (FY) 2022/2023, accounting for nearly 25% of total imports.

Updated 6/25/2023 11:19:00 AM