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The Egyptian government announced the highest level of oil production in two years, along with new natural gas discoveries and increased investments in the petroleum sector. The development project of the Cyprus "Cronus" gas field was implemented in cooperation with Eni and Total, aiming to transport the gas through Egyptian infrastructure and re-export it to Europe. This enhances Egypt's position as a regional gas hub and affirms the success of its strategy to increase production and ensure energy security. Additionally, the natural gas system successfully met demand during the peak of summer, as efforts to expand exploration and research continue to achieve additional discoveries and increase reserves.
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