Egypt rolls out $1 billion for oil exploration in Western Desert

Egyptian companies are planning more than $1 billion in investments in the oil and natural gas sector in the Western Desert region.
Western Desert, 1942 Battle of El Alamein
One of the reasons why Egypt has not developed all the oil fields it could in its Western Desert is that land has to be cleared of mines left over from World War I and World II. Here, British tanks move up to the battle of El Alamein in the fall of 1942 to engage German armor after the infantry had cleared gaps in the German minefield. - UK Government
Al Monitor: The Pulse of the Middle East
Rasha Mahmoud
@R_ma7moud200

Two oil companies affiliated with the Egyptian Ministry of Petroleum are planning to invest more than $1 billion in oil exploration in the Western Desert.

During a virtual meeting held April 28, the head of Khalda Petroleum Co., Saeed Abdel Moneim, said about $830 million is expected to be invested during the 2021-22 fiscal year as part of a plan to search for oil and gas and develop production fields in the company’s concession areas in the Western Desert. The fiscal year starts in July.

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