Cairo – Mubasher: Investments into oil exploration and development in Egypt was valued at $2.6 billion in the first half of fiscal year 2018/2019, the Egyptian government said.
Oil investments into the South Valley amounted to $4.7 million in the first six months of FY18/19, while mining firms have seen investments worth $6.5 million during the six-month period, the government added in its report.
The government stressed that it has catered to the domestic market with around 15.6 million tonnes of petroleum products during the period. It has also installed nearly 1.08 million prepaid smart gas metres across the country and provided natural gas to around 656,000 residential units, the report said.
