Egypt to invest in oil and gas sector

Jun 29, 2002 02:00 AM

Around $ 3 bn will be invested in the oil and natural gas sector under the five year (2002-2007) plan. Prime Minister Dr Atif Ubayd presided over a meeting at which the investment plan of the oil sector for fiscal year 2002-2003 and the five-year (2002-2007) plan were reviewed.

Oil Minister Engr Samih Fahmi, who attended the meeting with Finance Minister Midhat Hasanayn, said that the meeting reviewed the exports plan for oil, natural gas and petrochemicals.

Source: BBC Monitoring Middle East
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