petroleum products subsidized by egp 1224 billion
Saturday 11 January 2025
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Petroleum products subsidized by EGP 122.4 billion

Egypt Today, egypt today

Egypt Today, egypt today Petroleum products subsidized by EGP 122.4 billion

Petroleum Minister Tareq el Mulla
Cairo - Mena

Petroleum Minister Tareq el Mulla said EGP 122.4 billion is allocated for subsidizing petroleum products.

Mullah asserted that the strategic aim of the petroleum sector is to secure the different needs of the state's sectors of petroleum and gas products to push the wheel of economic development.

This comes within the framework of the general policy of the state, he said.

In a statement on Thursday, Mulla said that the oil sector works on implementing projects to develop petroleum refineries and add new units to meet the local demand of oil products.

The sector succeeded in providing all the needs of the different sectors in 20162017 which recorded 78 million tons of petroleum, especially the needs of the electricity sector.

Source : Mena

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petroleum products subsidized by egp 1224 billion petroleum products subsidized by egp 1224 billion



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