Egyptian president approves $2.2B oil and gas exploration contracts: statement
President of Egypt Abdel Fattah el-Sisi arrives to address attendees during the 70th session of the United Nations General Assembly at the U.N. headquarters in New York, September 28, 2015. REUTERS/Carlo Allegri
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CAIRO: Egypt’s president Abdel Fattah al-Sisi approved six new oil and gas exploration contracts for investments worth at least $2.2 billion, the Oil Ministry said in a statement on Tuesday.

The agreements include the search for oil and gas in the Mediterranean, Nile Delta, Western Desert and the Gulf of Suez.

The deals were initially mooted at an investment conference in Sharm El Sheikh earlier this year.

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Comments

  1. mushtaq
    November 4, 2015 at 8:14 pm

    Congrsts El Sisi, keep going…….

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