Former minister: If not for the discovery of the Zor field, the reserves of the Central Bank in Egypt would have been exhausted

Former Egyptian Oil Minister Osama Kamal reported that “Egypt owed foreign oil companies $6.5 billion in 2011.”

Osama Kamal added in a telephone interview that “Egypt imported $4 billion worth of gas in the summer alone”, noting that “without the discovery of the Zor field, the reserves of the Central Bank would have been exhausted within 6 months.” adding that “Egypt is stepping into new oil wells. It pumps a large amount of gas, and this is an advantage for a foreign partner who is working on discovering new fields.”

Engineer Osama Kamal stressed that “Egypt needs to provide gas to future generations in the future”, noting that “new gas fields are being discovered every year that contribute to gas supply.” Drip money.

The former oil minister noted that “oil discoveries have contributed to raising the minimum wage, increasing pensions and creating a modern transportation system”, stressing that “non-investment in energy in recent years has resulted in the state wasting billions of pounds, and Egypt is trying to to personal support other than in-kind support.”