Turning Egypt into regional oil hub to greatly affect economy: Min.

CAIRO - 15 July 2018: Minister of Petroleum Tarek el Molla said Sunday the project of turning Egypt into a regional hub for handling and trading in gas and petroleum is one of the key programs in the oil sector's renovation plan in line with the sustainable development strategy Egypt Vision 2030.

During a meeting held with the 6th program's working team, the minister said serious steps have been taken on the ground as part of the ongoing plan of action, adding that the project will have a large impact on the national economy and contribute to securing the local market needs of energy, foreign currency and new jobs.

According to a statement released by the ministry, the meeting covered the steps taken as part of the plan and the integrated strategy outlined early in 2017. Two stages of the three-stage plan have been accomplished, the statement pointed out.