Egypt's Energy Hub Strategy Post-June 30

The oil and mineral wealth sector in Egypt has experienced an unprecedented boom following the June 30 Revolution. The state succeeded in restoring investor confidence by settling outstanding dues and launching major projects in exploration, extraction, refining, and petrochemicals. These policies contributed to increasing reserves and production, highlighted by the discovery of the "Zohr" field, which accounts for 25% of local gas production, along with hundreds of new discoveries and promising fields such as "Narges" and "North Safa." Additionally, the advanced infrastructure has been utilized to position Egypt as a regional hub for energy trading and commerce. Looking ahead, there is a plan to drill 484 exploratory wells with investments approaching $5.2 billion to enhance energy security and sustainable economic growth.

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