EGPC to Buy 65 Pct of its Oil Product Imports

Egypt's state oil company, EGPC, will buy 65 percent of its oil product import needs from the United Arab Emirates' ADNOC for one year after the government approved the deal.

The agreement covers gasoline, diesel, heavy fuel and liquefied petroleum gas (LPG) that is used in homes.

Egypt's cabinet said in a statement that the deal was approved to meet the country's urgent needs and because the prices were appropriate. It did not give the prices agreed.

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