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#east Mediterranean

A new gas discovery has been found in Egyptian waters at the Nargis-1 exploration well in the Eastern Mediterranean Sea on Sunday, 15 January, according to statements by Italian company Eni and U.S energy major Chevron. The discovery was made at the Nargis offshore block, where Eni and Chevron both hold 45 percent interest, while Egyptian state-owned Thawra Petroleum holds the remaining 10 percent In a statement, Eni explained that around 61 meters of Miocene and Oligocene gas-bearing sandstone were…