Liquified natural gas
Descalzi said the investments, to be made in cooperation with the company’s partners, will focus on developing existing fields and carrying out further exploration work, the Presidency said in a statement.
Sisi instructed continued efforts to attract more foreign investments in the petroleum sector to meet rising local demand.
In a press conference with Sisi in Cairo on Monday, Duda affirmed his country’s support to all negotiations aiming to export Egyptian natural gas to EU.
Egypt will not import liquified natural gas by the end of 2018, as all phases of the Zohr gas field in the Mediterranean Sea will have been finished.
