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Egypt signs 1-bln-USD deals for oil, gas exploration
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Egypt signs 1-bln-USD deals for oil, gas exploration - Xinhua
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2021-01-01 13:35:09 GMT2021-01-01 21:35:09(Beijing Time) Xinhua English
CAIRO, Jan. 1 (Xinhua) Egypt s Minister of Petroleum Tarek al-Molla on Friday said nine new agreements, valued at more than one billion U.S. dollars, were signed with local and international companies for exploration of oil and natural gas.
The exploration works will take place in regions in eastern and western the Mediterranean Sea and the regional water of the Red Sea with six large companies for drilling 17 wells, al-Molla added in a statement. Egypt seeks luring new international investments in the activities of gas and oil exploration and concluding deals with big companies as a priority, he added.