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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.
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.