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$ 525 surplus in petroleum hard currency revenues
Egypt, Economics, 8/15/2003
Minister of Petroleum Sameh Fahmi, said the Petroleum Sector achieved a surplus of hard currency estimated at $ 525 million at the Central Bank of Egypt (CBE) during the fiscal year (FY) 2002/2003.
"The hard currency revenues of the sector increased by 22% compared to the previous FY. The total petroleum revenues in 2002/2003 FY hit LE. 5.2 billion," he underlined.
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