USD 30 bn to be invested in three gas fields in the next four years

Investments worth over USD 30 bn will be spent in Zohr, North Alexandria, and Atoll gas fields in the next four years, Oil Minister Tarek El Molla said, according to Al Masry Al Youm. El Molla also said the government has managed to reduce IOC receivables by half in 2016 and issue a large number of E&P tenders successfully.