Oil Exploration
The House of Representatives approved, during its general session on Tuesday, three bills allowing the petroleum minister to strike contracts for oil exploration in the Mediterranean Sea, Gulf of Suez and Western Desert.
Also, the president directed the Ministry of Petroleum to accelerate implementing the project of Sodium carbonate, Na₂CO₃, Complex in the new city of El Alamein. Rady continued.
Egypt will eliminate any obstacles to the work of U.S. oil company Apache in Egypt as it expands oil exploration in the country, according to a Wednesday statement on the meeting of President Abdel Fattah el-Sisi and Apache’s CEO John Christmann.
The new agreement was signed with the Egyptian Holding Company for Natural Gases "EGAS" and the German company Wintershall Dea, the ministry clarified in a statement.
At least five members of an oil exploration team kidnapped by suspected Boko Haram militants in northeast Nigeria have been killed.
Egypt signed 83 oil and gas exploration agreements over the past four years.
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