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The Nile river has allowed for the summation of natural resources, affects Egyptians through the course of agricultural lands and irrigation systems. In addition to this, Egypt has an expanding population and limited resources. Although, countries like that of Western Europe, Japan and North America have higher demands on world resources.
Natural gas reserves in Egypt have increased from 36 to 37 trillion cubic feet, nearly doubling its production since 2003. Natural gas supports the development of many petrochemical and fertilizer plants as well as provides electricity in Egypt. [7] The petrochemical industry uses natural gas as fuel in order to produce ammonia and urea. In ...
Egypt also extracts oil, and is the largest non-OPEC producer of oil in Africa. Additionally, Egypt also produces the second most natural gas in Africa. Hydrocarbon extraction accounts for 12% of Egypt's GDP. [3] About 90% percent of Egypt's petroleum production comes from oil wells in the Gulf of Suez.
Tourism is one of the leading sources of income, crucial to Egypt's economy. At its peak in 2010, the sector employed about 12% of workforce of Egypt, [ 1 ] serving approximately 14.7 million visitors to Egypt , and providing revenues of nearly $12.5 billion [ 2 ] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
Egypt's mineral and energy resources include petroleum, natural gas, phosphates, gold and iron ore. Crude oil is found primarily in the Gulf of Suez and in the Western Desert. Natural gas is found mainly in the Nile Delta, off the Mediterranean shore, and in the Western Desert. Oil and gas accounted for approximately 7% of GDP in fiscal year ...
Mining in Egypt has had a long history that dates back to predynastic times. Active mining began in Egypt around 3000 BCE. Active mining began in Egypt around 3000 BCE. Egypt has substantial mineral resources , including 48 million tons of tantalite (fourth largest in the world), 50 million tons of coal , and an estimated 6.7 million ounces of ...
Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability for future generations.
Ras Muhammad (Egyptian Arabic: راس محمد Rās Maḥammad, IPA: [ɾɑːs mæˈħæmmæd]; Arabic: رأس محمد Ra's Muḥammad) is a national park in Egypt at the southern extreme of the Sinai Peninsula, overlooking the Gulf of Suez on the west and the Gulf of Aqaba to the east. [1] The park is becoming a center of eco-tourism in the ...