Egypt Allocates Additional $100 Million for Fuel Purchases

July 22 (Bloomberg) -- Egypt’s Finance Ministry said it allocated an additional $100 million for fuel purchases to ensure adequate supplies in the market and took “urgent measures” to ensure that other commodities are available.

The additional funds increased to $6.1 billion the amount given to the Egyptian General Petroleum Corp., Finance Minister Momtaz el-Saieed said in a statement today.

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