Egypt expects $8bn investments in energy sector this year

Egypt expects $8bn investments in energy sector this year

Egypt expects $8bn investments in energy sector this year
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Egypt anticipates investment in the energy industry to range between $7 and $8 billion for the current fiscal year, according to the ministry of petroleum and natural resources.

Tarek El-Molla went on to say that the data were being reviewed with foreign corporations and that changes in global oil prices necessitated additional investment plans.

He stated that the administration is presently concentrating on optimizing the utilization of natural resources, reiterating Egypt’s goal of returning to pre-revolutionary oil production levels.

 

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