Shell to Increase Investment in Egypt

Shell said it would invest one billion dollars on exploration over the next several years on its North East Mediterranean field offshore Egypt. Shell has already invested three billion dollars in oil and gas exploration in Egypt, mostly in the Western Desert, though it also operates concessions onshore and offshore in Matruh in the west, in the Nile Delta and in the Mediterranean. Drilling on the North East Mediterranean field is expected to begin in September.

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