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Oil Minister: New finds increase crude output
The article explains that new oil discoveries in the Western and Eastern Deserts have helped increase the production of crude oil and condensates, thereby enhancing domestic petroleum output and reducing dependence on imports. The Ministry of Petroleum confirmed that these increases are part of its efforts to boost production and implement the plans of foreign partners, leading to improved stability in the local market and decreasing the need for foreign currency by improving operational levels and refining products such as gasoline and diesel. Additionally, this increase has supported exports, facilitated efficient provision of petroleum products, and contributed to price stability by reducing reliance on imports.
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