The BOP saw an overall surplus of $523.5 million in Q1 of FY2022/2023
Chevron announced the discovery of the new gas well “Narges-1X” located in the Narges area off the coast of North Sinai, near Al-Arish
President El-Sisi stated in September that Egypt is looking to increase its percentage of green investments to 50% of the country’s total public investments by FY2023/2024
The MoUs are in line with the Ministry’s efforts to improve the oil and gas industry’s carbon-cutting capabilities, as well as boost its environmental sustainability
In Q2 of 2022, the country’s current account deficit fell by almost half as non-oil imports tumbled by nearly 20% from the previous quarter
