OAPEC: Egypt most developed country in petroleum discoveries

The Organization of Arab Petroleum Exporting Countries (OAPEC) confirmed that Egypt is now considered one of the best areas in developing countries in new petroleum discoveries, not only in the Arab states but the Middle East as well.

The organization's annual report, issued on Friday, said that the total new discoveries in the Arab region last year amounted to 55 discoveries among which Egypt's share was 15 by the rate of 65%.

The report also pointed out that Egypt is currently preparing for intensive activity in the Mediterranean Sea, the Nile Delta and western Sahara, which has the largest number of well diggers working in the Arab region.