Egypt Predicts O&G Investments

Tuesday, April 29, 2014

A report by the Ministry of Petroleum and Mineral Resources in Egypt said that foreign investments of companies operating in the country’s oil and gas sector should reach $8.3 billion in 2014/2015.

According to a statement on Egypt’s State Information Services website, these investments show that the country is stable. It also refers to the solid relations between foreign companies operating in Egypt and the Egyptian government.

It indicates that foreign partners show a great confidence that the Egyptian petroleum sector provides promising opportunities for investment, the report stressed.

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