Egypt's petroleum exports contributed to the decline in the value of the deficit in the country's trade balance during the first quarter of 2022 to $7.4 billion, down by 33.7% on an annual basis from $11.16 billio ...
Egypt's oil trade balance recorded a surplus of $2.1 billion, during the period from July to December of the fiscal year (FY) 2021/22, compared to a deficit of $54.2 million a year earlier.
The Prime Minster, Mostafa Madbouly announced that the investments of petroleum sector reached to EGP1.16 trillion during the past six years.
Petroleum exports amounted to $3.2 billion while imports stood at $2.4 billion during Q4 2018.
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