Financial Times FT.com

Oil & gas: Investment ‘is about to pay off’

By Sharmila Devi

Published: November 23 2004 07:28 | Last updated: November 23 2004 07:28

Hopes are high that the investment and focus on Egypt’s gas sector of recent years are about to pay off.

Egypt could become the world’s sixth largest exporter of liquefied gas within the next year or so, says Sameh Fahmy, petroleum minister, which would go a long way toward boosting revenues and offsetting a decline in oil production.

Egypt

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