Minister of Petroleum: 72 trillion cubic feet of proven reserves of gas in Egypt
Minister of Petroleum and Mineral Resources Tariq Al-Mulla revealed that the proven reserves of gas in Egypt exceed 72 trillion cubic feet, while the uncertain reserves reach 120 trillion cubic feet, stressing that international scientific research organizations say the promising future awaits the Eastern Mediterranean region With regard to gas.

"We expect oil discoveries to increase during the coming period," Mulla said during his interview with the program "Money and Business", broadcast on the satellite "Extra news", that the ministry is working on developing reserves of oil, gas and mineral resources. Egyptian ".

The Minister of Petroleum that the cost of a gas well between 80 to 100 million dollars, noting that the returns of investment in oil discoveries offset the risks.

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