16 projects with a total investment estimated at over $25 billion are being planned to be implemented in the Mediterranean over the coming four years. Egypt continues to work on increasing Zohr gas production. Furthermore, the second stage of the West Nile Delta fields will start production at the end of the year. According to the minister of Petroleum and Mineral resources, al-Mulla, Egypt will achieve self-sufficiency in gas production by the end of 2018 and will stop importing liquefied gas.
The interest expenses due on debt in Egypt increased by 28 percent annually in the current