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Egypt greenlights five oil, gas exploration deals

15 Aug 2016
Egypt’s government has approved five oil and gas drilling and exploration agreements with foreign companies, according to Petroleum Minister, Tarek El Molla.

Four of the deals are offshore Mediterranean gas exploration and drilling agreements between Eygpt’s state gas board EGAS and CP, Eni, Total and Edison. 

The fifth deal was between state petroleum board EGPC and local company Trident Petroleum. 

At present, Egypt produces approximately 3.9 billion cu ft of gas per day and imports an additional 1.1 billion cu ft per day. 

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