Egypt eyes $8.6b petrochemical export boost – ministry

Egypt’s Ministry of Petroleum and Mineral Resources aims to increase petroleum exports through refining and petrochemical projects to reduce the trade deficit and reach an export value target of $8.6 billion.

The Ministry aims to enhance the Mineral Resources Authority to attract skilled professionals and improve efficiency in tapping into Egypt’s mineral wealth.

It will conduct regular bidding rounds for gold and mineral projects, confirm ore reserves, and establish a digital platform for investment. An aerial survey will map mineral-rich areas nationwide.

The Ministry will also showcase mining investment opportunities at global events like the Egypt Mining Forum.

Attribution: Egypt’s Ministry of Petroleum and Mineral Resources statement