Egypt's oil minister says foreign investments down 26% to $5.4 bln in 2020-21
- Country:
- Egypt
Egypt's oil minister said on Sunday that foreign investments in the sector fell 26.02% to $5.4 billion in the financial year 2020-21, versus $7.3 billion a year earlier.
"The coronavirus crisis led to a slowdown in investments from international oil companies worldwide," Tarek El Molla said in a speech to the Egyptian Petroleum Association.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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