CAIRO - Egypt is considering setting oil price at $80-85 per barrel in the next fiscal year 2022-2023 budget, deputy finance minister Ahmed Kouchouk told CNBC Arabia on Friday.

Egypt, the Arab world's most populous country, is a net importer of oil despite having plentiful reserves of natural gas.

(Reporting by Moataz Mohamed; Editing by Shri Navaratnam)