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Egypt To Draw More Oil And Gas Investors

by rigzone.com posted 3days ago 14 views
Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment. : (Bloomberg) -- Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year. The contract will provide investors with incentives to explore for fossil fuels in undeveloped areas, Egypt’s oil minister Tarek El-Molla said in an interview. He didn’t provide details of the changes to the contract.