Egypt's petroleum minister says big hike in oil prices negatively affecting the country -Sky News Arabia

The big hike in oil prices is negatively affecting Egypt, its petroleum minister Tarek El Molla was reported as saying by Sky News Arabia on Sunday.

"The whole world is harmed by the current oil prices, we hope these prices will not last for a long period ... We hope gas exports compensate for part of the cost of importing oil and petroleum products," he was quoted as saying by the TV channel.

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