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Value of crude obtained daily from foreign companies declines to $380m
Expected decline in fuel consumption is 5% during new fiscal year, says EGPC executive chairman
$1.6bn for importing diesel fuel shipments from June until August, says Tarek El Molla
Prime Minister Ibrahim Mehleb formed a committee to fix the current financial issues between the Ministers of Petroleum, Finance, and Electricity.
Total foreign investment, which is being pumped this year, is estimated at $7.5bn.
“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla
EGPC, petroleum sector companies register EGP 72.2bn profit during FY 2013/2014