ocr: Oiland gas are Egypt's most valuable resources. Most ofEgypt's oil comes from the western desert, the Red Sea, Sinai and Upper Egypt. Oil multinationals are involvedin new explorations, but Egyptis not as protitable a source as more competitive pil-rich countries, such as Algeria and Yemen. 55% ofEgypt's oilj production 1S consumedlocally. Most electricity in Egyptis lerived from hydroelectric power and coal rather than oil. The massive Aswan Dam provides the bulk of hydroelectricity. Begun in 1960 - and completed L ten years later, the dam has a generating capacity of10 billion lwh. By 1974,r ...
