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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Cabinet Approves 13 Draft Agreements to Explore Oil, Gas

Egyptian Prime Minister Mostafa Madbouly showcases the golden license during a press conference on Wednesday. (Asharq Al-Awsat)

The Egyptian Cabinet approved on Wednesday 13 draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company, and a number of international companies.

Under the deals, the Egyptian General Petroleum Corporation will be responsible for oil exploration in areas west of Wadi Natrun, east of Siwa, west of Magharra, west of Abu Gharadiq, east of Alam Saweesh, and in the Gulf of Suez, according to the Cabinet.

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