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2018-04-25 09:45:00

EGYPT NEED INVESTMENT $10 BLN

EGYPT NEED INVESTMENT $10 BLN

REUTERS Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said on Sunday.

Molla said he expected foreign investments to total the same amount for the current fiscal year, marking a 25 percent increase from the previous year.

The 25 percent gain comes as a result of foreign companies investing in major gas projects in the…

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Tags: EGYPT, GAS, ZOHR
Chronicle:
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