The Ministries of Finance and Petroleum began preparations to review hedging contracts against rising oil prices in the world at the beginning of the second quarter (Q2) of the current fiscal year (FY) 2019/20, at a price below about $65 a barrel the government set in Q1 of FY2020.

For more information, please see https://menafn.com/1098965250/Egypt-Government-aims-to-renew-hedging-against-oil-price-fluctuations