Osama El Bakly
Osama El Bakly,Chairman,EGAS
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Egypt’s gas production has rocketed in recent years, with output of 6.8bn cubic feet of gas per day, 2bn of which comes from offshore Zohr field. However, the arbitration panel of ICSID ruled that Egypt would have to compensate Union Fenosa Gas with $2.13bn for EGAS’s failure to supply the amount of gas agreed upon in 2000.
