Egypt’s cabinet approves 12 oil, gas exploration deals

The agreements were signed with US, French, Emirati, and Kuwaiti companies

  
Image used for illustrative purpose. A diesel storage tank is seen at the Middle East Oil Refinery Company (MIDOR) in Alexandria, Egypt, November 7, 2018.

Image used for illustrative purpose. A diesel storage tank is seen at the Middle East Oil Refinery Company (MIDOR) in Alexandria, Egypt, November 7, 2018.

REUTERS/Amr Abdallah Dalsh

Cairo –  The Egyptian cabinet approved 12 draft laws related to oil and gas exploration and production agreements.

The agreements were signed by the Egyptian Natural Gas Holding Company (EGAS), Ganoub El Wadi Petroleum Holding Company (Ganope), and the Egyptian General Petroleum Corporation (EGPC) with a number of US, French, Emirati, and Kuwaiti companies, according to a statement on Wednesday.

This came during the weekly cabinet meeting held via a video-conference call.

Source: Mubasher

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