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Why US companies seek role in Egyptian oil sector

The Egyptian oil and natural gas market is witnessing a significant expansion of US companies and although some observers are concerned about this expansion, most agree that this reflects the stability and neutrality of the Egyptian market and is in its favor in the near and long terms.
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CAIRO — The Egyptian energy sector gets much praise these days. The Energy and Environment Committee of the Egyptian parliament issued a statement July 18 praising the results of a meeting between Myron Brilliant, executive vice president of the US Chamber of Commerce, and Egyptian Minister of Petroleum and Mineral Resources Tarek el-Mulla.

The statement considered that Brilliant’s commend of the Egyptian energy sector comes in recognition of President Abdel Fattah al-Sisi’s support for the sector and the Ministry of Petroleum’s efforts to implement energy projects along with national and foreign companies.

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