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The Egyptian Minister of Petroleum has signed three agreements for the exploration and production of oil and natural gas in the two regions of northern Sinai and the Gulf of Suez.
Tariq Al Mulla, Minister of Petroleum and Mineral Resources
The first agreement concerns the western Jebel El Zayt concession south of the Gulf of Suez with the South Valley Egyptian Petroleum Holding Company and the British GP with investments of At least
and the second agreement with the Petroleum Authority in the Ras Fenar concession in the Gulf of Suez, and the third agreement with the oil authority and the British Brinko Company in the area North Sinai Navy
Mulla has highlighted the signing of the largest number of agreements The oil company for oil and gas exploration with companies operating in Egypt since November 2013 until now, has concluded about 83 new agreements that have significantly helped restore Egypt to its position as a major player in the oil and gas industry. Source: Agencies
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