Oil exports total $2.3B in six months
Engineer Kareem Badawy, Minister of Petroleum and Mineral Resources, announced that Egypt's production of crude oil has reached its highest level in nearly two years. This achievement is due to the success of the ministry's strategy in encouraging investment and increasing local production, by settling overdue payments to investment partners. As a result, new investments have been injected, and activities in exploration, development, and production have been intensified.
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