Egypt is expecting major investments in its oil sector this year as national and foreign oil companies increase operations across the country. The development of Egypt’s energy sector has been further supported by increasing petrochemical output and a strong export market. Its geographic location could make it a hub in the MENA region and its efforts to decarbonize will help it sustain its position in the international oil market.
After a successful year in oil and gas in 2021, Egypt is expecting between $7.5 to $8 billion in foreign…What’s Next For Egypt’s Burgeoning Oil Industry?
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