Egypt Turns to Oil for Power Generation Due to High Gas Prices ...Middle East

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Egypt Turns to Oil for Power Generation Due to High Gas Prices
source : OILPRICE ( Middle East ) () 25
Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country.  State-controlled Egyptian General Petroleum Corporation (EGPC) is looking to buy via a tender nearly 2 million tons of fuel oil to be delivered in May and June, a source with direct knowledge of the plans told Bloomberg on Friday.   North African and Middle Eastern countries often turn to oil and direct crude burn for power generation, especially with spiking demand for…

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