Italy’s Eni to boost natural gas production in Egypt
Italian energy company Eni plans to boost natural gas production in Egypt by 200 million cubic feet per day starting
The European Union has signed a $8 billion package of loans, grants and energy cooperationdeals with Egypt. It will include billions in credit over coming years and deals to step upEgyptian energy imports to help Europe "move further away from Russian gas" amid the Ukraine war, a senior European Commission official told reporters.
Egypt is neighboring two conflicts – Israel – Gaz and Libya. The package will also support the already nine million migrants and refugees, that Egypt hosts including four million Sudanese and 1.5 million Syrians, according to the UN's International Organization for Migration.
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.