Egypt Kuwait Holding agrees new gas price formula
SHARM EL-SHEIKH, Egypt |
SHARM EL-SHEIKH, Egypt May 20 (Reuters) - Egypt Kuwait Holding (EKHO.CA) (EKHK.KW) has agreed to buy natural gas from the Egyptian government at a price linked to the export price of the fertiliser it produces, the CEO said on Tuesday.
The Egyptian government is trying to apply the same pricing formula to other energy-intensive companies using Egyptian natural gas to produce for export, Moataz Al Alfi told Reuters in an interview. (Writing by Jonathan Wright)
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