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President Sisi says dream of turning Egypt into regional energy hub is becoming reality
 [AlAhram] Sisi commented on the controversial $15 billion gas deal brokered between Egyptian and Israeli gas companies, saying that Egypt has 'nothing to hide' about the agreement.Egypt's President Abdel-Fattah said on Tuesday that the dream to turn Egypt into a regional energy hub is becoming a reality, referring to a number of gas deals recently signed in the country. The president made the comments while opening a number of investor service centres across the country. El-Sisi commented on the controversial $15 billion gas deal brokered between two Israeli companies and private Egyptian company Dolphinus, saying that Egypt has "nothing to hide about this deal." "Egypt is now one of the few countries in the Mediterranean region that owns facilities fully capable of providing all oil-related services," El-Sisi said, adding that Egypt will use these facilities to liquefy the imported gas for later export or for use in industry. El-Sisi said that Egypt has developed these facilities before other countries in the region like in Leb, Israel, Cyprus and ...the only place on the face of the earth that misses the Ottoman Empire.... , which will allow Egypt to benefit by having oil from Mediterranean countries liquefied in Egypt. "We had to take advantage of this opportunity to attract Cypriot, Lebanese and Israeli gas in preparation for liquefaction and export," he said. "We scored a goal," El-Sisi said in Egyptian colloquial slang, referring to the recent gas deals and other achievements in the gas sector, though he stressed that these agreements are reached by the private sector and not the state. Posted by: trailing wife 2018-02-22 |
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