Political and economic confusion reign over Egypt gas import decision


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Issue 243 - 15 Nov 2012 | 3 minute read

Egypt could have a future as a Mediterranean gas exporter. Rising debts owed by Egyptian General Petroleum Corporation (EGPC) and other post-revolution problems weigh on international oil companies, but IOCs and industry analysts are optimistic about the prospects for further hydrocarbons discoveries in the Nile Delta, Western Desert and other regions, reflected in the latest EGPC licensing round bidding.

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