Egypt sees 13 percent surge in oil, gas finds

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article author: 

Mohamed Abu Zeid

Thu, 2021-01-07 01:04

CAIRO: Egypt has witnessed a 13 percent surge in the discovery of oil and gas reserves in 2020 compared with the previous year.

According to the country’s Ministry of Petroleum and Mineral Resources, 62 oil and gas reserves were found in 2020, a year in which the global economy struggled due to the coronavirus pandemic.

The 47 crude oil and 15 natural gas reserves were found in the Western Desert, the Eastern Desert, Gulf of Suez, Nile Delta and the Mediterranean Sea. 

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Business & Economy

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Egypt

oil and gas

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