American Chamber of Commerce
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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.
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Egypt, US Discuss Petroleum Sector Cooperation
Monday, 15th July 2019
Egypt's petroleum exports to the US increased by %44, reaching $176.9 million during 2019, compared to 2018 when it was $122.9 million.
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Egypt to Restructure Ministry of Petroleum
Tuesday, 16th May 2017
El Molla: Restructuring the Ministry leads to improving the investment climate.
Latest News
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021