Egypt Achieving New Boom in Gas Production
Egyptian Minister of Petroleum and Mineral Resources
Tareq al-Molla said that the natural gas industry in his country witnessed
massive development in the past two years.
He revealed Friday that natural gas production
reached its highest levels in September.
He stressed that President Abdul Fattah al-Sisi’s
support for the petroleum sector was ongoing and he was overseeing the
completion of natural gas projects.
This support has led to significant results and
attracted international companies to Egypt, he remarked.
The minister highlighted to this end the calm
witnessed in Egypt, which encourages investors.
Molla added that his ministry will focus in the
upcoming phase on investing natural gas in the local economy, such as the
petrochemicals industry.
This will boost the gross domestic product, attract
new investment and provide job opportunities, he stated.
It will also create unprecedented development in
Egypt that will meet the aspirations of the people and improve living
standards, he stressed.
