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Egypt: Investments in Mediterranean Gas Fields Exceed $27 Billion

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Minister of Petroleum Tarek el-Molla said that 2018 witnessed the completion of new stages to increase the production of natural gas from four major fields in the Mediterranean Sea.

Molla clarified that these fields were put on the production map with investment of more than $27 billion and production rates of 6.5 billion cubic feet per day expected upon the completion of all stages.

The minister noted that what has been achieved is the result of the completion and development of natural gas projects.

Investments in Mediterranean Gas Fields Exceed $27 Billion. (Shutterstock)

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