Dubai June 8 news, the Egyptian oil and gas fields of the next decade is expected to attract 20 billion U.S. dollars investment, the majority of investment will be used for exploration of the Mediterranean deep water oil and gas resources in the region.
Egyptian Oil Minister Sameh Fahmi said that in the past five months, the Government of Egypt to the United States, Britain, Italy and the United Arab Emirates company has been granted 17 new contracts worth 3.5 billion U.S. dollars at least. Over the same period, the Egyptian and international companies have already signed a 1.6 billion U.S. dollars worth of contracts.
In the past decade, Egypt has increased twice as much natural gas reserves rose to 76 trillion cubic feet.
Source: www.in-en.com Jun. 9, 2009
