05/11/2007
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Eni to invest $12 billion in Egypt gas program
Eni SPA plans to invest $12 billion over the next 5 years in Egypt's gas industry starting in 2007-08, according to the Egyptian petroleum ministry. The company also will focus on increasing reserves from the onshore Belayim field in the Gulf of Suez area by about 180 million bbl during the next 12 years, using new production techniques.