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ASWAN, Egypt, May 5 (Reuters) – Egyptian investment company Qalaa Holdings expects a turnover of more than 90 billion Egyptian pounds (5.25 billion US dollars) 39 next year, announced Sunday its president.
The Egyptian refining company, which will begin operations in the third quarter of this year, will earn between £ 50 and £ 55 billion, President Ahmed Heikal told Reuters. The refinery is expected to produce 2.4 million tonnes of diesel a year, he said.
$ 1 = 17,1400 Egyptian pounds
Report by Ehab Farouk, written by Lena Masri; edited by
John Stonestreet
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