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Cypriot Kronos Project plans gas export via Egypt
Egypt is currently working to increase natural gas production and attract new investments, while overcoming the challenges faced by investors in the oil and gas sector. Egypt and Cyprus signed an agreement to connect the Cypriot Aphrodite gas field to Egyptian infrastructure, further strengthening Egypt's role as a gateway for Cypriot gas to regional and European markets. Additionally, the Minister of Petroleum announced that Egypt has paid $6.1 billion in outstanding dues to partners and that 591 wells have been brought online for production.
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