Egypt's petroleum ministry is eyeing larger foreign investments in drilling and exploration projects to amount to $8.5b by the end of fiscal year 2015-16, up by $1b.
Eni’s discovery of the Zohr field on Egypt’s Mediterranean coast has raised foreign companies' interest and attracted potential investments in the deep water areas nearby.
Iran’s National Development Fund has allocated $6b for the execution of petrochemical and refining projects in the current fiscal year ending in March 2016.