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Planning and Petroleum Ministers Report Gains in Oil and Gas
The Egyptian economy has experienced strong growth of 5.1% during the current period, with a target increase to 5.4% next year, according to statements by the Minister of Planning. Efforts also include developing cooperation with Libya in the fields of the electricity grid and renewable energy, as well as a plan to utilize the infrastructure of power generation stations in a seawater desalination project. In the gas sector, the Minister of Petroleum is exploring ways to strengthen the development of discoveries, boost production, and connect the Kronos field to Egyptian fields, in addition to linking the Aphrodite Cypriot field with Egypt. In the energy market, reports indicate that five factors are expected to increase global demand for coal in 2026.
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