New Egyptian Oil Refinery near Libyan Border

Libya has plans to increase investment in Egypt, according to a report from Libya Herald.

Egypt's Head of Information, Culture and Antiquities, Omar Al-Gawairi told Al-Arabiya:

“Libyan investment in Egypt will exceed $10 billion, mainly through the establishment of an oil refinery near the Libyan border at Mersa Matrouh and investment in electricity production.” 

The final details had now been agreed, he explained.

(Source: Libya Herald)

(Flag image via Shutterstock)

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