Egypt’s petroleum sector made up 24% of GDP — minister

CAIRO: The oil and gas sector contributed 24 percent of Egypt’s gross domestic product (GDP) in 2020 and was one of the key sectors that helped rebuild the country’s economy in the wake of the economic challenges since 2011, according to a senior government minister.

Egyptian Petroleum Minister Tariq El-Molla said in a statement that the sector had played a significant role in the economic reforms the government had implemented, which helped to create an appealing environment for investors.