Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Copper Tip Energy Services
Copper Tip Energy
Hazloc Heaters


Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1 billion: statement


These translations are done via Google Translate

CAIRO (Reuters) – Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for 8 wells in the country’s West Nile Delta, the petroleum ministry said on Saturday.

The country also signed a second $10 million deal with Rockhopper, Kuwait Energy and Canada’s Dover Corporation for exploration in the Western Desert, a ministry statement said.

Tarco | Delivering Engineered Solutions
GLJ
MicroWatt Controls: Instrumentation & Safety System Experts

Egypt aims to be a regional hub for the trade of liquefied natural gas (LNG) after a string of major discoveries in recent years including Zohr, which holds an estimated 30 trillion cubic feet of gas.


Get the Latest US Focused Energy News Delivered to You! It's FREE: Quick Sign-Up Here


Reporting by Ehab Farouk and Ahmet Tolba; Writing by Nadine Awadalla, Editing by William Maclean



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE