Egypt's Oil And Gas Sector Is Growing Despite An Economic Crisis

Egypt has been in a seemingly endless financial crisis over the past decade, first due to political turmoil following the 2010 Arab Spring and then due to economic mismanagement. The recent Russian invasion of Ukraine has further exacerbated the complicated economic situation. However, Egypt recently signed a deal with the International Monetary Fund (IMF) to improve its economic outlook. And despite its financial woes, Egypt has continued to be a major international player in energy, with several exploration projects awarded in 2022, and new auctions…