Arab Today, arab today egypt has huge oil reserves
Last Updated : GMT 02:28:27
Arab Today, arab today
Arab Today, arab today

Egypt has huge oil reserves

Arab Today, arab today

Arab Today, arab today Egypt has huge oil reserves

8th Mediterranean Offshore Conference and Exhibition
Alexandria - MENA

 Egypt will remain a key player in the oil sector as there is a huge amount of oil reserves in the Gulf of Suez, Nile Delta and eastern the Mediterranean Sea, the Chief Executive Officer of Edison International said on Tuesday.

In statements on the fringe of the 8th Mediterranean Offshore Conference and Exhibition, Nicola Monti said Egypt occupies the 16th international position concerning natural gas reserves and the 15th position regarding the production.

He said Egypt is the second major natural gas producer in Africa and the number one African oil producer in the Organization of the Petroleum Exporting Countries (OPEC). 

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