Another step closer towards privatizing the gas sector: The market will start operating under the executive regulations for the new Natural Gas Act from February onwards, Karem Mahmoud, the head of the natural gas market regulator says, according to Al Masry Al Youm. Oil Minister Tarek El Molla had said the regulations would be ready within the coming weeks. Mahmoud says he expects the new regulations to incentivize production of natural gas locally and attract investment in petrochemicals and fertilizers.

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