November 24, 2021

Egypt exports 1m tons of LNG in third quarter of 2021

RIYADH: Egypt’s surpassed its Arab neighbors in natural gas exports during the third quarter of 2021, the country’s minister of petroleum and mineral resources said on Tuesday.

The country exported 1 million tons of liquefied natural gas, Tarek Al-Mulla said.
He said the oil and gas sector contributed 24 percent to the country’s gross domestic product in 2019-2020 despite the pandemic. Before the pandemic, the sector’s contribution to the GDP was recorded at around 27 percent in 2018-2019.

A surplus, equivalent to about EGP9.5 billion ($604 million), in the petroleum balance of payments was reached during 2020-2021, compared to a surplus of EGP9.9 billion in 2018-2019, Al-Mulla said.t.


Categories : oil and gas

Finance & Economy

Independent Study Finds Asset-Heavy Organizations Can Expect $21.6M in Value After Adopting Cognite Data Fusion® as an Industrial DataOps Solution

2022-12-02 10:00:00

Cognite, a global leader in industrial software, today announced a newly commissioned study conducted by Forrester Consulting that"...
Read More

LRN Corporation Completes Acquisition of...
December 2, 2022
Velodyne Lidar Launches Vella Family of ...
December 2, 2022