Arab Finance: The Ministry of Petroleum and Mineral Resources announced that the shows have been completed for 7 exploratory and productive areas New affiliated with the Egyptian General Petroleum Authority It was put up through the Egypt Gate for Exploration and Production, as these agreements include pumping new investments and digging 17 new wells as a minimum.
Where these areas were assigned to a number of companies, including the support of the North Stra and East Sidi Brani regions of Cairo. Exploration wells in that area.
This comes within the framework of the Ministry's plan and strategy to attract new investments in the field of exploration and production and in support of the current efforts to increase production.
It is worth noting that Egypt operates 60 international companies in the field of oil search and exploitation in 83 commitment areas in the Mediterranean areas, the Nile Delta, the Western, Eastern Sahara, Sinai and Upper Egypt. Petroleum agreements are one of the most important main tools to attract foreign investment and enhance partnership with international companies.
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