Home Construction Egypt Planning New Oil, Gas Contracts to Attract Investors

Egypt Planning New Oil, Gas Contracts to Attract Investors

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Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said.

The most populous Arab nation is seeking to transform itself into a gas re-exporting hub on the doorstep of energy-hungry Europe, and the planned contract overhaul is part of a broader strategy to liberalize its energy industry. Italian firm

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