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Egypt pumps $10 billion to explore oil، gas in 2109

Monday 12/November/2018 - 02:42 PM
Sada El Balad
Ahmed Moamar
“Al Saudia” Space Cannel broadcast today a report about explorations of gas and oil in Egypt take place next year along with developing the current fields.
The report says that the Egyptian government has pumped $ 10 billion to develop the oil and gas sector during the fiscal year 2018 2019.
It is worth to mention that Egypt seeks to gravitate more investment in energy sector.
She also makes more efforts to become the center of energy in the Middle East region.
Dr Gamal Al Qaluby، Professor Oil Engineering، said that nine major international oil companies invest in oil fields in both the Red and Mediterranean Seas.
It is expected that Egypt’s reserve4s of oil and gas will grow significantly over the coming years.

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