1 Day
Source:
المصري اليوم
Salah Diab: State aims to boost oil output
According to statements by Engineer Salah Diab, founder of Al-Masry Al-Youm newspaper, Egypt is aiming to increase its oil production, which currently stands at approximately 450,000 barrels per day, despite the fact that demand is higher, especially amid rising global oil prices. He explained that the cost of producing a barrel of oil in Egypt reaches $9, compared to $50 in the United States and $3 in Saudi Arabia, emphasizing the need to boost production to reduce imports. He also noted that the Petroleum Ministry's payments toward its debt to foreign companies have contributed to the continuation and expansion of oil production operations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)