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Electricity Minister: Petroleum sector debts reach 388 billion pounds
Dr. Mahmoud Esmat, the Minister of Electricity and Renewable Energy, revealed details about the financial entanglements between the Ministry of Electricity and the Ministry of Petroleum. He explained that there is an accumulated debt owed by the petroleum sector to the Holding Company for Electricity, resulting from fuel price subsidies. He also mentioned that there is a plan to settle this debt in the upcoming period.
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