RESEARCH & ANALYSIS
The Petroleum Sector:
FUEL OF EGYPT’S ECONOMIC ENGINE
T
he petroleum sector is one of the main contributors to Egypt’s economic growth, as a major attractor to both public and private investments. In fiscal year (FY) 2016/2017, the sector attracted around EGP 90.1 billion, a staggering annual increase of 9.1%. In addition, petroleum imports and exports represent a significant share of the country’s Balance of Payments (BOP). This report highlights the economic contribution of Egypt’s oil and gas sector through tackling different perspectives from FY 2010/2011-2016/2017. By Mahinaz El Baz, Hania El Kady
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EGYPT OIL & GAS NEWSPAPER