EGPC signs three new oil and gas exploration agreements in Egypt

The Egyptian General Petroleum Corporation (EGPC) has entered into three new agreements with international companies for oil and gas exploration in the country's Western Desert, Gulf of Suez and North Sinai regions, reported Egypt Oil & Gas. The contracts, signed with Egypt-based Berenco Egypt, United Arab Emirates (UAE)-based Dragon Oil and US-based Apache, are aimed at enhancing the country's energy resources. Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi said: “The deals reflect the ...