Egypt is taking major steps to revitalize its oil and gas industry through new exploration projects, Zohr gas field expansion, and technological innovations.
RIYADH: Seeking to expand production from the largest Mediterranean gas field, Khaled Mowafi, chairman of Belayim Petroleum Co., has announced Egyptian authorities will invest $1.2 billion during the fiscal year 2023-2024 in the Zohr gas field. The company, also known as Petrobel, is a joint firm between the Italian giant ENI and the state-owned Egyptian General Petroleum