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Dubai, United Arab Emirates (CNN) – The Egyptian Ministry of Petroleum and Mineral Resources signed Wednesday three agreements for the exploration and production of oil and natural gas in northern Sinai and the Gulf of Suez.
[1] The second agreement was signed by the ministry with the South Valley Oil Holding Company of Egypt and the British Gas Company, with a minimum investment of $ 6 million.
Oil in the Ras Concession The Minister of Petroleum and Mineral Resources, Tariq Al-Mulla, emphasized the importance of continuing to sign new oil agreements as a concession to the Kingdom of Saudi Arabia .
The Minister estimated the number of oil and gas research agreements with companies operating in Egypt from November 2013 to today, about 8 He added that these agreements had strongly contributed to restoring Egypt's position as a major player in the oil and natural gas industry, adding that work was underway to finalize 18 new agreements.
Oil in the area of impurities in the western desert, it delivered 5130 barrels of oil a day with a low-gas companion.
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