An Egyptian senior official reported Sunday that the Egyptian government will sign no new contracts to export natural gas until the end of 2010 or until it thinks that world prices have stabilized Shamil Hamdi, first undersecretary at the Ministry of Petroleum, told a parliamentary committee that the ban on new contracts would not affect the share of Egyptian natural gas due to foreign companies working in the country. Opposition parties have been on the offensive against the government's gas contracts this year, saying Egypt receives prices far below current world prices.
More...
09-06-2008, 06:32 PM
Linear Mode
