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Egypt makes $ 1.2 bln surplus out of oil
Egypt, Economics, 12/10/2001
Egypt's balance of payment of oil scored $ 1.2 billion surplus in 2001 against a surplus of $ 510 million in 2000, Egyptian oil minister Sameh Fahmi said Sunday. He told reporters the surplus was a result of non-traditional policies and measures, which make oil a major source for foreign currency.
Fahmi said changing natural gas prices would bring 230 million dollars surplus thus operating giant projects to produce solar energy.
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