According to the released press statement, the size of the Energy Industries Council (EIC) and Scottish Development International (SDI) delegations represents the UK’s commitment to helping Egypt develop its oil and gas industry. The UK has over 50 years of experience working in the North Sea, one of the world’s most challenging environments, and the skills developed in deep water offshore oil and gas production can be used to support Egypt in becoming a Mediterranean energy superpower. “Energy investment is what will revive Egypt’s economy in 2017. Only Britain—Egypt’s number one investment partner,” said Casson. Britain is already the number one investor in Egypt, but UK companies are keen to explore the evolving opportunities in the Egyptian and North African energy arena.

Source: Daily News Egypt February 15, 2017 15:36 UTC