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Petroleum: 12 Discoveries and 77K Barrels Daily
The Minister of Petroleum confirmed that Egypt is aiming to increase refining capacity to 9.5 million tons of crude annually in order to enhance its productive capabilities. He emphasized that boosting production and reducing costs are no longer just options but have become strategic priorities, along with implementing a plan to expand exploration activities. He also pointed out that the government’s goal is to transform mineral resources into integrated industries with added value to strengthen the petroleum sector and mining industries.
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