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Large gas field discovery brings Egypt closer to energy hub goal

A newly discovered gas field is making Egypt's energy exporter hub vision more of a reality.
A picture taken on August 20, 2022 shows petrol station along the ring-road encircling Egypt's capital Cairo.  (Photo by KHALED DESOUKI/AFP via Getty Images)

A new gas field was recently discovered in the Nargis block of the eastern Mediterranean. Egypt hopes the new discovery will help it reach its aspiration of being a central energy exporter in the region. 

Egypt’s Petroleum Minister Tarek El Molla made the announcement last week but didn’t specify details of the find in the Nargis block. 

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