Egypt set for $7.2 billion exploration drilling boom, amid plans for second FSRU

Petroleum minister outlines plan by 40 companies to drill almost 600 wells by 2030, while country considers converting LNG export plants into import facilities

Egyptian President Abdel Fattah al-Sisi.
Egyptian President Abdel Fattah al-Sisi.Photo: REUTERS/SCANPIX
Published 15 July 2024, 11:29Updated 15 July 2024, 14:40
EgyptKarim BadawiDamiettaAfricaNorth Africa