Foreign investments in Egypt's oil sector down 26% to $5.4 bn. in 2020-21says minister Tarek El Molla​

Egypt's oil minister Tarek El Molla 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, Reuters reports.

"The coronavirus crisis led to a slowdown in investments from international oil companies worldwide," He said in a speech to the Egyptian Petroleum Association.

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