Cairo – Mubasher: Egypt’s petroleum sector managed to achieve the highest investment return of $30 billion in the last five years, thanks to the improved investment environment, Ahram Gate reported on Tuesday, citing the country’s petroleum minister Tarek El-Molla as saying.
During August, the Egyptian oil and gas production registered a record high level of 1.9 million barrels of equivalent oil per day, El-Molla added during the tenth Mediterranean Offshore Conference and Exhibition (MOC).
El-Molla noted that the petroleum sector contributes about 30% to the country’s gross domestic product (GDP).
