The Minister of Planning and Economic Development, Hala Al Said, announced the achievements of the petroleum sector during the Fiscal years (FY) 2018/2019 – 2019/2020 through the report of “Construction Phase Achievements”.

The Ministry of Planning and Economic Development released data stating that the petroleum sector's total number of projects between 2014 and 2021 are estimated to be 326 projects worth EGP 1.1 trillion.

The government is currently working on finishing all petroleum projects on time, if not earlier, to achieve its plans of self-sufficiency and be an exporter instead of an importer.

Minister of Petroleum, Tarek El Molla, discussed with Bechtel the development of a new petrochemical complex in the Suez Canal Economic Zone.

Egyptian Prime Minister, Mostafa Madbouly, met with Minister of Petroleum, Tarek El Molla, to review the status of several oil and gas projects.

Minister of Petroleum, Tarek El Molla, met with his Iraqi Counterpart, Thamir Ghadhban, to discuss boosting joint relation in the oil and gas industries, as well as opportunities for Egyptian companies to increase its projects in Iraq.