Cairo is attracting international investment with improved contract terms after years of inertia, but with summer fast approaching, falling output and rising demand mean the road to recovery is still a long one.
In its latest Medium Term Gas Market Report, the International Energy Agency (IEA) says despite the fact that gas production in Egypt is “mired in difficulties…early signs of stabilization have emerged as the government is taking steps to revive investors’ confidence in the country’s upstream sector.” (CONTINUED - 1294 WORDS)
