Molla says oil sector big contributor to national projects

CAIRO - 3 April 2018: The petroleum sector in Egypt is strongly contributing to national projects, besides oil ventures.

Thanks to highly-skilled experts, many oil projects have been implemented with high performance and in record time, said Petroleum Minister Tareq el Molla Tuesday.

He was speaking during a meeting of the general assembly of Petrojet to endorse the outcome of the company's 2017 plan of action, which helped bring in more than LE 23 billion worth of revenues.

The oil sector has also contributed to the different national projects, such as the Suez Canal Tunnels, Molla said.

He also cited ventures to expand roads and upgrade ports, to which the oil sector also contributed.

The minister also stressed the need to hone the competitiveness of oil companies in Egypt to be able to implement projects abroad.