(MENAFN) Egyptian Petroleum Ministry has inked almost 70 new deals with investments of USD15bn amid the last three years.
Additionally, oil sector's strategy depends on a number of axes notably raising the country's production and reserve of oil and gas amid developing gas discoveries.
Accordingly, Egypt achieved four oil discoveries for Italy's Eni, Ganoub El Wadi Petroleum Holding Co., General Petroleum Co. and UK BP in 2015.
The ministry made new expansions in Egyptian refineries with investments worth USD8bn to enhance local production of petrol, diesel and butane by 60pct.
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