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#western desert

Italian energy conglomerate Eni has unveiled plans to invest a substantial USD 7.7 billion (EGP 237.9 billion) in Egypt over the next four years to boost the company's exploration and production activities in the country, stated Eni CEO Claudio Descalzi in a press release published by the Egyptian Presidency on 3 September. Descalzi’s pledge came during a meeting with President Abdel Fattah Al-Sisi and other Eni executives. “Mr. Descalzi expressed his pride in cooperating with Egypt, in light of the…