Egypt's petroleum sector exports rises to $13B in 2021

CAIRO - 14 February 2022: Egypt’s exports of the petroleum sector rose to $13 billion in 2021, according to Minister of Petroleum Tarek El-Molla.

 

Molla pointed to achieving a surplus in the oil trade balance for the first time in 2021 at an amount of $2.9 billion.

 

He noted during his speech at EGYPS 2022 that 37 petroleum agreements have been signed, and natural gas will be delivered to 1.2 million housing units for the third year, adding that an estimated subsidy of LE 20 billion has been provided annually.

 

“420,000 cars have been converted to run on gas, and the number is increasing,” he stated.

 

At the level of stations for supplying cars with natural gas, 600 stations have been established, in addition to 400 stations that are in the process of being implemented, distributed over all governorates of the Republic, he noted.