Africa Oil & Gas: Egypt Predicts $25 Billion in Investments

Image courtesy of Eni

Egyptian Minister of Petroleum, Tarek El Molla, revealed that the country will see $25 billion invested in oil and gas sector projects over the next four years. 

El Molla said increasing oil and gas production is a priority for the government, which is stepping up efforts to attract more investors to the sector.

Over the past four years, the sector has successfully implemented 24 projects for a total investment of $2.16 billion, with a total daily production of approximately 1.4 Bcf and 36,000 bpd of condensate. The majority of these investments resulted in an increase in gas production.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: