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Fahmy: 3.6 million tones of natural gas exported to France a year
Egypt, Economics, 1/3/2005
Egypt's Minister of Petroleum Sameh Fahmy said France will import about 3.6 million tones of natural gas a year from Edko liquefied gas station in addition to Italy and US.
The Minister added that a new oil company will be set up to provide jobs to youth and also the exploration operations for oil and gas will go on to reach about $3.5 billion investments in these two fields.
Fahmy asserted that the oil sector will continue supporting the oil products prices for local consumption and transforming the automobiles from using gasoline to natural gas.
Previous Stories:
Fahmy: Egypt's oil and gas products exports hit $4.5 billion
(12/28/2004)
Fahmi: Technology boosts crude oil, output increase
(12/23/2004)
Egypt, Turkey study navigation route, natural gas exports
(12/13/2004)
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