GAZA/CAIRO: Egypt is aiming to take over development of Gaza’s offshore natural gas field, Egyptian and Palestinian officials said, in what would be a boost for the cash-strapped Palestinian economy, according to Reuters.
While Egypt and Israel have been producing gas in the eastern Mediterranean for years, the Gaza Marine field, about 30 km off the Gaza coast, has remained undeveloped due to political disputes and conflict with Israel, as well as economic factors.
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