Foreign investments in Egypt’s oil sector to hit $10 bln in FY2017/18

Foreign investment in Egypt’s petroleum sector will reach about $10 billion in the 2017/18 fiscal year that ends in June, up by $2 billion from the previous year, Petroleum Minister Tarek El Molla said on Sunday.

The 25 percent increase comes as a result of foreign companies pumping investment into major gas projects, Molla said.

Source: Reuters

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