Egypt has a variety of mineral deposits, some of them exploited since ancient times, as gold and red granite. Today, the main commercial mineral resource is oil, which is found mostly in the coastal region of the Red Sea, El-Alamein, near the Mediterranean, and in the Sinai Peninsula. Other minerals include phosphates, manganese, iron and titanium.
The natural resources of Egypt mainly refer to the oil and gas of Egypt. The oil reserves of Egypt draw huge annual revenues from its export profits. The newly discovered oilfields in the Mediterranean seabed have opened up fresh opportunities for reviving the country's oil export business. The 3.7 million barrel reserve that Egypt previously possessed, now have more than doubled the reserve figures. The markets of Turkey and Israel are the chief targets of Egypt.
For more information visit: Egypt Natural resources
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