Egypt expects $8bn investments in energy sector this year, minister says 

  • 5/17/2022
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RIYADH: Egypts expects that the value of investment in the energy sector would range between $7 to $8 billion during the current fiscal year, the minister of petroleum and mineral resources told Alarabiya. Tarek El-Molla added that the figures were under review with international companies, noting that changes in global oil prices require increased investment plans. He said the government is currently focusing on maximizing the use of natural resources, confirming that Egypt aims to return to the oil production levels of 5 years ago.

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