#petroleum
The Egyptian Petroleum Ministry announced on Saturday 30 August that Egypt has concluded four oil and gas exploration deals with global companies worth over USD 340 million (EGP 17 billion). The agreements, signed through the state-owned Egyptian Natural Gas Holding Company (EGAS), include plans to drill 10 wells as part of the government’s strategy to expand exploration and strengthen output. Once a net exporter of energy, Egypt now depends more heavily on imports to satisfy growing domestic consumption, as production…
