Minister of Petroleum and Mineral Resources Tarek El Molla stated that Egyptian oil and gas sector exports increased by 84.28% year on year (YoY), reaching $12.9 billion in 2021, compared to $7 billion in 2020.

El Molla told Reuters that the value of Egypt’s exports of natural and liquefied gas jumped during 2021, by 550%, to reach $3.9 billion, compared to $600 million in 2020. Meanwhile, Egypt’s exports of crude oil increased last year by 32%, to reach $3.3 billion, compared to $2.5 billion in 2020.

Additionally, Egypt’s exports of petroleum and petrochemical products increased during 2021, by 42.5%, to reach $5.7 billion, compared to $4 billion in 2020, El Molla noted.