The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said Monday.
Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion Tahrir Petrochemicals project by the end of this year, its chief executive said on Monday.
Suez Cement has invested approximately EGP 12bn since its operation in Egypt began, but has not maintained its gas supply for two months without facing cuts
Investors have confirmed that the decline in the power supply to factories was the most prominent reason for the decline in exports of energy-intensive industries during the first quarter of this year.
The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said