MOF Allocates US$ 100 Mln For Petroleum Products

Momtaz El Saeed, Ministry of Finance, announced that the Ministry allocated US$ 100 million to the Ministry of Petroleum to finance the purchases of the required petroleum products, noting that the total amount of new finances offered to the Ministry of Petroleum registered US$ 4.2 billion (=EGP 25.2 billion).

El Saeed affirmed that the government is focused on providing all basic and strategic goods, petroleum products and the requirements of the productive sectors so as to boost production as part of the Ministry’s efforts towards promoting economy.