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Tag: Agreement
Egypt USA

El Molla: New form of exploration agreement for Red Sea Bid Round

Posted: October 28, 2018 at 3:18 pm   /   Oil & Gas

The Ministry of Petroleum has finalised the form of the new petroleum agreements, to be included in the first tender for natural gas exploration in the Red Sea. The tender is scheduled to be launched at the end of 2018. The new agreement form includes incentive clauses for the foreign investor, most notably the increase […]

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MOP-Eni-BP

Egypt signs 3 Oil & Gas exploration agreements worth $139.2 million

Posted: August 14, 2018 at 9:13 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla signed three new oil agreements for the exploration of oil and natural gas in the Mediterranean, Western Desert and Nile Delta regions with investments of $139.2 million. The minister also signed grants of $55 million for drilling 15 new wells, an official statement revealed. The first agreement […]

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