Egypt's petroleum minister says significant increase in oil prices is negatively affecting country

News AM

Significant increases in oil prices are negatively affecting Egypt, the country’s oil minister, Tarek El-Molla, said Sunday on Sky News Arabia, Reuters reported.

“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,” the channel quoted him.