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08 May
10:09

GCC must reform gas allocation, prices: consultancy

Gulf Cooperation Council governments must better allocate gas to competing end-use sectors, price gas to reflect its true value, and reform institutions to create the flexibility and transparency needed to maximise value. So says consulting firm Strategy&, part of PricewaterhouseCoopers. Thanks to its plentiful natural gas resources and subsidised prices, the GCC was traditionally fertile investment ground for low-cost steel producers through the direct redu…
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