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Telecom Egypt pays $806mn for 4G license

  Bloomberg Telecom Egypt is set to become the country’s fourth mobile carrier after acquiring a 4G license Wednesday as the state-controlled landline monopoly seeks to keep up with rivals. The carrier, 80 percent owned by the government, bought the license for 7.08 billion Egyptian pounds ($806 million), Chief Executive Officer Tamer Gad Allah said at a news conference in ...

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Saudi Aramco, Japan to expand Okinawa crude storage deal

  Reuters Saudi Aramco and the Japanese government are set to agree on a roughly 2 million barrel expansion of crude storage capacity in Okinawa, used by the state-run firm to store oil, Saudi Aramco CEO Amin Nasser said on Thursday. Under an agreement with Tokyo, Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) each store up to 1 ...

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Iraq oil exports from southern ports rise on higher production

  Reuters Iraq’s oil exports from southern ports rose to more than 3.230 million barrels per day (bpd) in August, from 3.202 million bpd in July, as crude production increased, the oil ministry and sources at state-run South Oil Co said on Thursday. The West Qurna 1 field, developed by Exxon Mobil, and South Oil’s Luhais and Artawi fields contributed ...

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