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El Molla: Egypt’s Oil Exports Exceed $10 Billion

Taarek Refaat by Taarek Refaat
9:08 PM January 26, 2022
El Molla: Egypt’s Oil Exports Exceed $10 Billion
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Tarek El Molla, Minister of Petroleum and Mineral Resources said that Egypt’s petroleum exports rose during 2021 to exceed $10 billion.

This came during a cabinet meeting on Wednesday headed by PM Mostafa Madbouly to review the performance indicators of Egyptian non-oil exports during 2021, as well as the sector’s goals for 2022, according to a statement.

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The Minister of Industry had announced an increase in the value of Egyptian exports to record $32 billion by the end of 2021, with a growth rate of 26.3%, a figure achieved for the first time in history, exceeding the average annual value of Egyptian exports during the period (2016-2020).

Egypt aims to achieve a 25% growth in the rate of exports during 2022, to reach $40 billion, supported by the continued growth of global demand, and the tendency of some markets to rely on Egyptian products to replace the products of some traditional markets.

Tags: "الملا": صادرات مصر البترولية تتجاوز 10 مليارات دولار في 2021El Molla: Egypt's Oil Exports Exceed $10 Billion

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