The Egyptian Petroleum Public Authority has recently proposed using 32 offshore and onshore zones for oil excavation. According to the London-based Al-Sharq Al-Awsat daily, the authority will offer these areas to the Egyptian private sector as well as to international companies that specialize in excavating natural gas and oil.
The proposed zones cover a 293,000-kilometer area, equivalent to 29 percent of the country’s total land mass.
Egyptian crude oil production reached approximately 38.4 million tons in 1999 compared with 40.3 million tons in the previous year. Natural gas production reached13.1 million tons the same year, compared to 11 million he previous year. –(MENA Report)
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