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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Egypt Earning $500 Million Monthly from Gas Exports

Egypt Mohamed Maait Natural Gas Ukraine
A woman wearing a protective face mask, amid concerns over the coronavirus, walks next to a wall painted with colors of the Egypt's flag in Cairo, Egypt April 26, 2020. (Reuters)

Egypt is earning about $500 million monthly from natural gas exports and aims to raise that figure to $1 billion “in the coming period,” Finance Minister Mohamed Maait said in a statement on Thursday.

The statement, based on comments by Maait at a Bloomberg forum, gave no comparative figures on what Egypt had been earning previously.

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