Egypt is hedging 35% of its oil needs until June 2024 ...Egypt

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Egypt is hedging 35% of its oil needs until June 2024
Egypt decided to adopt the price of a barrel of oil at $80 in the budget for the current fiscal year, a decline of 15% from the price of a barrel in the previous budget. In contrast, the price of a barrel of oil currently ranges between 85 and 86 dollars in international markets. Business Today : المصدر Egypt is hedging 35% of its oil needs until June 2024

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