Energy Investments to Reach USD8bn in FY21/22

Giving More to Your Wealth
18 May 2022

The Minister of Petroleum & Mineral Resources revealed that investments in the Egyptian energy sector should total USD7-8bn in the current FY21/22. The Ministry is seeking to increase oil output through attracting more investments in the sector, in response to higher global oil prices. This should trim the gap between local consumption and production, as oil imports have surged in 2022. (Sources: Zawya (English), Arab News (English), Hapi Journal, Akhbar al-Youm, Sada el-Balad, alArabiya)

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