Egyptian President Abd El Fattah El Sisi will attend a fifth tripartite summit with Cypriot President Nicos Anastasiade and Greek Prime Minister Alexis Tsipras.
The new law regulating gas markets will produce a more flexible gas market and boost the Egyptian economy, predicts the Egyptian Minister of Petroleum and Mineral Resources.
Egypt's fuel imports for the first five months of 2017 fell to $497 million from $645 million during the same period last year, a year-on-year decrease of 23%.
International oil companies (IOCs) increased their investments in Egypt to $8.1 billion during fiscal year (FY) 2016/2017, up 22.7% from the $6.6 billion invested in FY 2015/2016