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Gulf oil producers have given Egypt a free fuel lifeline totaling $6 billion in value to help fend off unrest on its streets in the summer when consumption soars, the head of its national oil company said.Fuel subsidies cost Egypt's government $15 billion a year, a fifth of the state budget.Egypt also requires liquefied natural gas for power generation, in short supply due to declining domestic gas production, even as it cut into exports of LNG previously promised to foreign firms.Molla said EGPC was owed 110 billion Egyptian pounds ($15.7 billion) from other government entities, including 35 billion Egyptian pounds each from the Finance and Petroleum ministries.
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