Egypt State Information Service (Cairo)

Egypt: U.S.$72 Billion Expected Investments in Oil Sector

10 February 2013

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".

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