Tarek El Molla
Molla added Reuters that dues decreased by 5.5 percent, compared to $900 million at the end of 2018/2019 fiscal year.
Located in the conventional Egyptian waters of the Nile Delta, the discovery was announced early this month.
Craft industries' imports also decreased by 27 percent, registering $26 million compared to $ 35 million during the same period in 2019.
In a statement on Thursday, Molla said that the natural gas has been extended for first time to villages and cities in Upper Egypt and densely populated districts.
Sisi highlighted the importance of this vision in helping the exploration of mineral resources nationwide.
The meeting took up the project of electronic boards that display gasoline and diesel prices for consumers at gas stations.
The project comes to support efforts and developmental programs implemented in Upper Egypt, Molla said.
both ministers reviewed the latest developments on the economic visibility study of the project which will be completed by the end of May.
This took place during his meeting with Norwegian Ambassador here Lena Natasha Lind.
This comes as part of the ministry's plan to provide 1.2 million housing units with natural gas this fiscal year, he added in a statement.
Among the companies applying for the tender are Shell, ExxonMobil, Statoil, Dragon Oil, Russian Rosneft and Total France.
Developing the sector is based on several axes, most notably the legislative, structural and human resource reforms, El Molla told the Egyptian TV.
The strategy includes also developing the existing productive units to increase their efficiency and output capacity, he noted.
Petroleum Minister Tarek el Molla probed on Monday with his Iraqi counterpart ways of boosting cooperation in the oil and gas industry.
A 1.1 pound cash flow per share was agreed to be disbursed by the assembly.
The Gulf of Suez amounted to 71,000 crude oil a day, pointing out to a plan to increase the company's production through digging more fields.
Molla lauded the BP's initiative and its support to talented researchers, saying that such initiatives contribute to achieving sustainable development in the society in all domains.
A delegation of Blue Water Energy attended the talks.
These amendments will be carried out early 2019,” the Jordanian Energy Minister Hala Zawati said.
The agreement was signed by CEO of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz el Regal and Apache Egypt Regional Vice President and General Manager David Chi.