Petroleum Minister Tarek El Molla said Sunday that Egypt is aiming that foreign investment in the oil and gas sector to reach about USD10bn in FY18-19. El Molla added that he is expecting foreign investments to total the same amount for the current fiscal year, which would mark a 25% increase from the previous year. The yearly increase is contributed to foreign companies investing in major gas projects in the Mediterranean, according to the Minister. Egypt aims to increase its gas production from newly discovered fields, such as Eni’s Zohr.