EGYPT

Egypt Plans No New Gas Exports, Domestic Prices To Go Up, Says Petroleum Minister

Egypt does not plan to sign any new gas export agreements, Minister of Petroleum 'Abd Allah Ghurab said on 24 December, but added that new domestic energy prices are to be introduced at the start of January 2012. Speaking on the sidelines of the OAPEC meeting in Cairo, Mr Ghurab said that prices for electricity and gas would go up but that the rises would not be retroactive. He added that most...