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Egypt warns against increasing petroleum princes
Egypt-International, Economics, 3/2/2000
Egyptian Petroleum Minister Sameh Fahi warned of the continuing negative results of petroleum prices in the international markets on the cost of producing all kinds of goods during the coming period. In special statements to ArabicNews.com Fahmi said, "Continuing this increase in the petroleum prices could confuse plans of the major companies that work in all fields, and it will also affect the final price of these goods due to the increase in the production costs," emphasizing the importance of the petroleum-exporting countries working to avoid these negative results.
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