EGYPT PLANS TO OFFER GREATER INCENTIVES FOR GAS EXPLORATION

In view of the growing importance of gas in its domestic energy economy, Egypt is planning to offer foreign companies added incentives to promote gas exploration and development. Egypt's ideas in this connection were spelled out by the Egyptian Oil Minister, Mr. Abd El-Hadi Katydid in an interview with MEES Executive Editor Walid Khadduri. According to Mr. Kandil, a number of oil companies operating in Egypt have indicated that...