00:00 We are talking about 7 to 7.5 billion dollars,
00:07 before the increase,
00:11 in case the excavational works
00:15 that are currently being done by companies
00:19 are not enough.
00:21 But in any case, the number is being updated
00:24 every year since we started, which is 1.7 billion.
00:28 Will there be new increases in 2024?
00:31 God willing, we extended the period
00:34 for the increase of the Petroleum Authority
00:37 and the South Valley Capture Company
00:39 to the 1st of April.
00:41 And in the second half, God willing,
00:44 we haven't set the date yet,
00:46 but we will prepare an increase
00:49 for the permit of the Capture Company.
00:52 We are talking today,
00:54 despite the many tensions in the region,
00:56 especially in the Red Sea,
00:58 to what extent do these tensions affect
01:00 the permits and the cost of shipping?
01:03 Thank God, we haven't been affected
01:06 by any permits that are being confiscated.
01:11 But what has been affected is the cost,
01:16 because today there is a new element,
01:19 which is the risk element.
01:21 Therefore, insurance companies
01:24 increase the cost of shipping.
01:28 This is part of the final cost
01:31 that we purchase the products with,
01:34 or part of the local market needs.
01:38 We may receive 25% to 30% of the market needs.
01:42 This will affect the cost.
01:45 I can't say how much,
01:47 because this is a new issue.
01:50 We can't take the price
01:54 until the whole month is over,
01:56 and then calculate it,
01:58 and so on.
01:59 You may see that the price of shipping
02:02 has increased as a result of the insurance,
02:04 but the main price, which is the rental, has decreased.
02:07 Therefore, you will find that the price is fair,
02:10 but there is no doubt that there is an increase in cost.
02:14 Egypt has been exploiting gas exports
02:16 for several months.
02:18 What is the size of the exported products
02:20 during the current year?
02:22 I am still working with our colleagues
02:25 in the insurance companies
02:28 to review the needs of the summer
02:31 of electricity consumption,
02:33 and how our plan will work,
02:36 so that we can calculate the local consumption
02:39 in exchange for what can be exported.
02:43 Therefore, we are planning
02:46 to work on this issue.
02:48 Are Israeli gas exports back to their normal levels,
02:51 and is there a plan to increase their size?
02:55 The quantities are the same,
02:58 and there is no regular cutoff.
03:02 [BLANK_AUDIO]
