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Image Source : Energyinfra market Screenshot 2024 07 10 144047

Egypt Grants $200M for energy exploration projects

Last Update 10 July 2024

Egypt's Cabinet approved five agreements with national and international energy companies for the research, utilization, and development of oil and gas, involving investments of approximately $200 million.In a statement the government highlighted these approvals as part of its intensified efforts to address the ongoing electricity shortage crisis, which has led to daily power cuts upto 3 hours.

Also Read Forbes Middle East

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