Egypt Signs Two Agreements with International Companies to Invest $340 Million in Mediterranean and Suez Gulf Oil and Gas Production
Egypt has signed two agreements with international companies to invest $340 million to increase oil and gas production in the Mediterranean and Suez Gulf.
$222 Million Agreement with Shell Egypt and Malaysia's Petronas
A $222 million agreement has been concluded with Shell Egypt and Petronas of Malaysia to increase natural gas production in the West Delta of the Mediterranean.
Key Provisions:
- Drilling of three wells
- Establishment of maritime installations
