Is the Nile Delta considered as a promising area in Egypt?
Compared to the Mississippi Delta, the area of Nile Delta is triple the size of the Mississippi, yet we do not have enough funds required to develop this promising area. However, in the context of the current available facilities, we did achieve successful discoveries in Delta, which indicates how promising this area could be. More investments are indispensably needed to boost the area. Has El-Mansoura been severely affected by the current global economic crisis? We were directly affected by this economic crunch. The Egyptian petroleum sector was affected as a whole. However, specific measures were taken to face this heavy burden to minimize the outcomes of the negative effects. We had to cut down this year’s budget to the half, from $300 to $150 million. There were a series of high achievements and discoveries awaiting our company, however the declining oil prices and the slowdown of the international economy stood against the implementation of our plans for this year. We re-set the l
