10 February 2013
Egypt: U.S.$72 Billion Expected Investments in Oil Sector
Minister of Petroleum and Mineral Resources Osama Kamal said on Saturday 9/2/2013 there is an ambitious plan to attract investments valued at $72 billion in the field of fuel and exploration of gas and petroleum in the Western Desert and the Mediterranean.
The minister stressed the necessity to bring back on track the Arab partnership and integration in the area of energy, research and exploration for an actual development, pointing out that "we have much experience in the oil sector and seek Arab solidarity and integration for enhancing the oil fields and oil by-products".
Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).
To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.