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Osama Kamal: Egypt signs 10,000 oil agreements
The statements clarify that oil agreements in Egypt are subject to a strict system that ensures clear terms for foreign companies, with mechanisms in place for exit and investment that align with market principles rather than politics. They pointed out that Egypt has signed over 10,000 agreements in recent years without experiencing disputes, and that companies like British Petroleum exit their sites normally after their investments conclude, having recovered all they spent. It was also emphasized that significant investment is necessary in aging fields to increase their productivity, and that the sector is carefully scrutinizing investors before signing contracts.
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