VOL. XLIV

No 32

6-August-2001

EGYPT

Fahmi Says Gas Exploration Success Brings Sharp Growth InProven Reserves

Egypts recent record ofsuccessful gas exploration has brought robust growth in proven gas reserves inrecent years, drawing a rising level of annual international investment intothe sector and helping the hydrocarbon sector produce its first $500mn surplussince 1997, Oil Minister Samih Fahmi said in an interview published by al-Ahram on 30 July. In our strategy tocreate a balance between...