News
Egypt’s Ministry of Petroleum announced Thursday, 21 May, that Agiba Petroleum, a joint venture between the Egyptian General Petroleum Corporation and the Italian energy giant Eni, has made its largest discovery in the Western Desert in 15 years. The find, confirmed through an exploratory well, holds an estimated 330 billion cubic feet of natural gas alongside 10 million barrels of condensate and crude oil, totaling roughly 70 million barrels of oil equivalent. The discovery’s location adds to its appeal, as…
