Natural gas accounts for 15% of the Egypt’s gross domestic product (GDP), Minister of Petroleum Tarek El Molla has said, according to Amwal Al Ghad.
El Molla, speaking on the sidelines of the 15th International Arab Mineral Resources Conference, added that Egypt has succeeded in increasing natural gas output by 60% over the past two years.
The minister said that the sector is focused on enhancing the added value of different oil, gas, and mineral resources to achieve the highest economic returns.
The International Arab Mineral Resources Conference took place November 26-28 in Cairo for the first time since 1999. The event provides an opportunity for Arab officials to enhance cooperation, and discuss regional mining developments and investments.