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September 29, 2016 / 26 Elul, 5776
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Egypt Receives $700 Million in Oil Aid – Monthly


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Egypt receives an estimated $700 million of oil every month from Arab countries, according to a report in the Egyptian Independent.

Egypt’s Petroleum Minister Sherif Ismail said that Saudi Arabia, the United Arab Emirates and Kuwait have been supplying Egypt with the needed oil and financing since Morsi was deposed in July, to the tune of $12 billion dollars.

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