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Asharq Al-Awsat

Business

Cairo - Asharq Al-Awsat

Egypt Ramps Up Oil, Gas Production Amid Increase in Oil Prices

Egyptian Minister of Petroleum Tarek El-Molla during the meeting on Monday. (Asharq Al-Awsat)

Egyptian Minister of Petroleum, Tarek El-Molla, stressed the need for intense efforts to implement an action plan that would meet the goals of increasing oil and gas production, especially with the current rise in international oil prices.

Molla chaired the general assemblies for Khalda Petroleum Company and Qarun Petroleum Company to approve the budget plans for the fiscal year (FY) 2022/23 and the revised budget for 2021/22.

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