March 2016, Vol. 243, No. 3

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Shell And Apache to Start Fracking in Egypt This Month

Egypt is close to joining the club of unconventional gas producers after Shell and Apache announced their local joint venture was ready to start work on a pilot project in the Western Desert, involving hydraulic fracturing, by the end of this month. For Shell, this project represents an expansion of its presence in the gas industry of the North African country, which used to be a net exporter of the fuel before the revolution. It has substantial reserves of gas, including the biggest deposit in the Mediterranean, the Zohr Prospect, and much of these are awaiting development. In other words, Egypt’s gas industry has growth potential that the Anglo-Dutch company has not failed to overlook. T

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