El Molla: Petroleum Sector Attracts Investments of $61.3B Over 9 Years

El Molla: Petroleum Sector Attracts Investments of $61.3B Over 9 Years

Minister of Petroleum and Mineral Resources Tarek El Molla lauded the extraordinary accomplishments of Egypt’s petroleum sector with investments amounting to $61.3 billion from July 2014 until July 2023, according to a report from El Ahram Newspaper.

El Molla also touched on the most prominent projects that were achieved during that period, including the discovery of the Zohr, Atoll, Nooros,  North Alexandria, and the West Nile Delta fields.

El Molla’s remarks came during the sessions of the ‘The Story of the Homeland … Between Vision And Achievement’ Conference, whose activities began on September 30th, under the patronage and presence of President Abdel Fattah El Sisi, and will continue for three days, ending October 2, in the New Administrative Capital, with the participation of a large number of politicians, media professionals, representatives of Egyptian society, as well as experts and specialists in various fields.

The Minister of Petroleum added that there were investments in the projects that were implemented, amounting to about $34 billion for production and development, and $1.6 billion for networks transporting crude oil, products, and gas, in addition to $1.1 billion for ports.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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