Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean

Source: Carnegie Endowment
Author(s): Carole Nakhle

Original Link:

When it comes to oil and gas exploration and production, Egypt is in a different league than its neighbors in the Eastern Mediterranean. Its oil activity spans more than one century and the country enjoys a colorful corporate landscape where large and small international companies and national companies cooperate and continue to make significant discoveries. From a regional perspective, having such a major competitor right at their own doorsteps presents challenges to countries like Lebanon, Cyprus, and Israel. But this does not necessarily signal a race to the bottom. On the contrary, it can lead to opportunities if cooperation is pursued….

This article was originally published by The Lebanese Center for Policy Studies.

Read more at original link.

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