Despite two years of civil unrest, Egyptian oil companies hope the country's untapped riches will lure foreign investment. Egypt is caught in a Catch-22. Tourism is tanking, and foreign investors are concerned about the country's security. Yet it is exactly that type of investment that will help the country's economy recover. At a presentation in Houston co-sponsored by the Bilateral US-Arab Chamber of Commerce, the World Affairs Council of Houston, and Merlon International Inc., a delegation of Egyptian oil and gas industry representatives gathered to discuss the country's upcoming licensing round, its fiscal terms, and most importantly the geology that makes it Africa's largest non-OPEC oil producer and second-largest natural gas producer.
展开▼
