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Egypt boosts trade hopes with new oil facilities

Egypt’s prime minister Mostafa Madbouly recently announced that his country aims to achieve self-sufficiency in petroleum during fiscal year 2022-2023. The country is currently running a trade deficit when it comes to oil

Egypt produces 650,000 bpd of crude oil but aims to raise its own production, boost refining capacity, and become an exporter of petroleum products to the wider region

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