in Short
Egypt : Eni to invest $8 billion in oil and gas sector over five

Eni plans to inject $8 billion over five years into Egypt’s oil and gas sector in partnership with local stakeholders, focusing on developing existing fields and new exploration. Meeting with Prime Minister Mostafa Madbouly and Petroleum Minister Karim Badawi, Eni highlighted its major role, producing 40% of the country’s natural gas, and announced potential rare metals projects.