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The American company is currently carrying out oil and gas exploration projects across four areas in Egypt as the main operator, with up to $360 million in investment, El Molla said.
These projects are located across the Mediterranean and the Red Sea in North Sidi Barrani, the north of El Dabaa, Narges El Baharya, and Block No.1 at the Red Sea, the minister added.
Moreover, Chevron is investing in another two projects, namely North Marina and North Cleopatra, in the west Mediterranean as a partner to Shell Global, he highlighted.
This came on the sidelines of a meeting headed by El-Molla to welcome a delegate from Chevron to discuss the global company’s plan in the Egyptian oil and gas exploration sector over the coming period.
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