top quality walnut oil mill for small business in egypt

   
top quality walnut oil mill for small business in egypt
                                               
                                               
                                               
                                               
  • top quality walnut oil mill for small business in egypt
Why is oil & gas a major economic sector in Egypt?

The oil and gas industry is one of the most dynamic economic sectors in Egypt. Hydrocarbon production is by far the largest single industrial activity in the country, representing around 24 percent of total GDP in FY 2019-2020. FDI in the oil and gas sector has increased from USD 9 billion in FY 2014/2015 to USD 47.8 in FY 2019/2020.

What is the growth rate of oil refining in Egypt?

The growth rate of oil refining was 25% in FY 2019/2020, the highest rate achieved amongst economic sectors in Egypt, besting wholesale and retail trade, construction, and communication. Egypt has significant energy resources, both in traditional fossil fuels and in renewable energy.

How much will Egypt invest in petrochemicals?

Egypt plans to invest around USD 38 billion developing its petrochemicals sector over the next four years. The petrochemical sector represents about 12 percent of industrial production and generates revenues totaling USD 7 billion, equivalent to nearly 3 percent of GDP.