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    Home > Chemicals Industry > Chemical Technology > The Egyptian government auctioned off five oil and gas lease zones

    The Egyptian government auctioned off five oil and gas lease zones

    • Last Update: 2022-11-19
    • Source: Internet
    • Author: User
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    Recently, the Egyptian government auctioned off five oil and gas lease zones
    .
    These leases are expected to bring at least about $100 million in total investment
    to Egypt.

    According to Egyptian media reports, the auction of oil and gas lease zones is part of the Egyptian government's
    efforts to increase investment in key energy sectors.
    Egypt has gone from being an energy exporter to a net importer of energy, and it wants to increase domestic energy production to cope with the worst energy crisis
    in recent decades.

    Recently, the Egyptian government auctioned off five oil and gas lease zones
    .
    These leases are expected to bring at least about $100 million in total investment
    to Egypt.

    petroleum

    According to Egyptian media reports, the auction of oil and gas lease zones is part of the Egyptian government's
    efforts to increase investment in key energy sectors.
    Egypt has gone from being an energy exporter to a net importer of energy, and it wants to increase domestic energy production to cope with the worst energy crisis
    in recent decades.

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