3 Hrs
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بوابة الفجر
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Energy Expert: Oil Sector Attracts 30% of Foreign Investment
A professor of Petroleum and Energy Engineering revealed that Egypt's oil sector accounts for about 30% of foreign investments, with Egypt striving to increase these investments and strengthen its position as a logistical hub for the reception and export of oil and gas. He also pointed out that Egypt enjoys strong economic relations with Greece and Cyprus, supported by the electrical interconnection with Greece. Egypt is leading efforts to develop its assets and increase added value from petroleum products, despite Cyprus having discovered gas but suffering from financial deficits that prevent it from establishing liquefaction plants and external supply lines.
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