The Cairo Post: IMF Says Egypt’s Major Gas Discovery to Improve Its Energy Position

The International Monetary Fund (IMF) said Friday that Egypt’s major natural gas discovery has the potential to improve its energy position and will contribute broadly to its economy.

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“Basically, our view is that the discovery of a major gas deposit has the potential to improve Egypt’s energy position and to contribute to its economy more broadly,” said William Murray, Deputy Head of the IMF’s Communications Department, during a weekly press briefing posted on the IMF website.

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