Minister of Petroleum and Mineral Resources Tarek El Molla stated that the past year 2022 witnessed the achievement of a record number of petroleum exports that amounted to $18.2 billion, the ministry said in a statement.

This came during the weekly meeting of the Council of Ministers, chaired by Mostafa Madbouly, which reviewed a number of positive indicators on the economic level.

In 2021, exports amounted to $12.9 billion, and it reached $7 billion in 2020, indicating that a big jump in natural gas exports was achieved in 2022, which is being maximized during this period, the minister noted.

Meanwhile, the World Bank (WB) had expected that Egyptian oil and gas exports will increase by 30.6% to $23.5 billion during the fiscal year (FY) 2022/23.