American Business Council

  • El Molla: Petroleum Sector Contributes 27% of GDP

    El Molla: Petroleum Sector Contributes 27% of GDP

    Wednesday, 29th July 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, said the Egyptian Petroleum sector achieved unprecedented production rates of natural gas noting that local consumption rates of oil and gas declined during the previous five months mentioning that petroleum sector carried out 27% of the gross domestic product (GDP) according to the recent data.