Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in United Nations Economic and Social Council (ECOSOC) forum 2021 via video conference which came under the title of Financing for Sustainable Development, the press release stated.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, praised that women represent 33% of the total senior management, and also represent 30% of the total of employment in the oil and gas sector, the press release reported.

Chinese oil productivity has gradually declined by 0.5% reaching 14.9 million barrels per day (mmbl/d) in December 2020 after recording a high in November. While the country’s total crude proceeded during 2020, jumped up 2.7% reaching 13.51 mmbl/d compared to the previous year.

Saudi Mining Sector has achieved growth 3.1% during the Q1 of the current year despite the exceptional circumstances of Coronavirus pandemic.

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.

Natural gas accounts for 15% of the Egypt's gross domestic product (GDP), Minister of Petroleum Tarek El Molla has said.

Egypt's budget deficit decreased to 1.9% during Q1 of fiscal year (FY) 2018/19, compared to 2% in the previous fiscal year, stated Minister of Finance Mohamed Maait.

Egypt’s growth has been forecasted to increase to 4.5% during fiscal year (FY) 2017/2018, compared to 4.2% in FY 2016/2017, due to the ongoing economic reforms and the developed business climate.

The European Bank for Reconstruction and Development (EBRD) predicts that Egypt’s economy will grow at 4.5% in fiscal year (FY) 2017/2018.

The International Monetary Fund (IMF) projects that Egypt’s economy will grow by 4.5% in fiscal year (FY) 2017/2018.