Foreign partners’ investments in Egypt hit USD10bn in 2017/18
17 Sep 2017
(MENAFN) The investments of foreign partners were projected at USD10bn amid this year and 2018, in the activities of oil and gas exploration.
Accordingly, foreign partners in the oil sector have raised the planned investments in the oil sector, after Egypt’s commitment to pay their dues regularly.
In addition, the oil sector paid foreign partners of the global oil firms operating in Egypt new payments of USD2.2bn recently.
Moreover, the initiatives of payment and reduction of receivables had a positive reflection on the growing investments in Egypt in oil and gas exploration.