Petroleum discoveries in Egypt worth $2.1 billion

Egyptian Oil Minister Engineer Sameh Fahmi stated that he will announce during the coming days petroleum discoveries worth $2.1 billion, telling ArabicNews.com that exporting petroleum is not a goal in itself, yet it is an attempt to get rid of the foreign partner's share and bring foreign currency into the country. He said the ministry is currently focusing on industrializing gas devices through a project worth $1.38 billion, and it is expected to achieve sales of $100 million annually.