Last Update 22:44
Sunday, 30 April 2017

Egypt announces new investments in oil and gas exploration worth $200 million

Ahram Online , Friday 2 Dec 2016
Egypt
BP's offshore oil platform seen off the coast of Egypt (File Photo: Courtesy of BP Facebook page)
Share/Bookmark
Views: 2289
Share/Bookmark
Views: 2289

Egypt has accepted investment offers in oil and gas drilling and exploration worth $200 million, the petroleum ministry announced on Friday.

The companies that won the bids include Shell, British Petroleum, Apache and Apex, the ministry said in a statement. 

The oil and exploration deals are for Egypt's Gulf of Suez and Western Desert.

Egypt is seeking to attract investments in the energy sector to revive an economy battered by years of political instability.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

Latest

© 2010 Ahram Online.