The petroleum trade deficit recorded $421 million by the end of the fiscal year (FY) 2019/20, compared to a surplus of $8.1 million recorded in the previous year.

The Ministry of Petroleum and Mineral Resources delivered natural gas to about 1,070 housing units in fiscal year (FY) 2019/20, exceeding the original plan by 107%.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the general assembly meeting of Qarun Petroleum Company to review the adjusted budget for Fiscal Year (FY) 2019/20, and the planning budget for FY 2020/21.