New oil find declared by the Minister of Petroleum

Sameh Fahmy, the Minister of Petroleum said there are good news about a new oil find in the form of gases under the water of the Mediterranean.

He said the new find would increase Egypt's reserve of natural gas needed for exportation for abroad to nearly 60 trillion cubic feet of gas.

ÊÊÊ He said this find would be developed and would contribute to the exportation of the first shipment of natural gas to Jordan by the year 2004.