Egypt’s petroleum sector sees EGP 1trn investments – Minister

Cairo – Mubasher: Egypt’s petroleum minister Tarek El-Molla revealed that investments injected to refinery, petrochemical, and infrastructure projects in the oil sector reached EGP 1 trillion.

Projects in operation and those being implemented have witnessed investments worth $32.6 billion and $12.7 billion, respectively, while investments worth $14.7 trillion have been injected to projects that have started implementation, according to a statement released by the cabinet on Sunday.

During fiscal year 2018/2019, the petroleum ministry provided 13.4 million tonnes of diesel, 7.3 million tonnes of gasoline, and 3.9 million tonnes of liquid petroleum gas.

Mubasher Contribution Time: 26-Aug-2019 09:05 (GMT)
Mubasher Last Update Time: 26-Aug-2019 09:05 (GMT)