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Analysis

As firms flock offshore Egypt, can the nation reverse its energy fortunes?

Egypt’s recent signing of three exploration agreements with Total, Eni and BP are just the latest in a flurry of offshore activity following a major gas discovery by Eni in 2015. The Egyptian government is keen for the country to prosper from its resource wealth, to repay mounting debt and end a reliance on energy imports, but what potential still resides in the region and will the risks for investors be worth the rewards?

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