Oil & Gas

EGPC signed 3 oil & gas exploration agreements worth $50 million

EGPCThe Egyptian General Petroleum Corporation (EGPC) has signed oil and gas exploration agreements with three international companies worth a combined USD 50 million, an Oil Ministry official tells Al Borsa. These include a USD 20 million oil and gas exploration agreement with Apex International in the West Badr El Din concession in the Western Desert, a USD 10 million gas exploration agreement with Trident Petroleum for exploration in the Magawish block of the East Esh El Mallaha concession, and a USD 20 million oil and gas exploration agreement with Apache-Khalda in the Alam El Shawish concession in the Western Desert.

(Source: Enterprise.press)

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