Egypt's Egyptian Natural Gas Holding Company (EGAS) signed four new agreements with international energy firms to expand gas and oil exploration in the Mediterranean Sea and the Nile Delta, with total minimum investments exceeding $340 million and plans to drill 10 wells. The deals align with the Ministry of Petroleum and Mineral Resources' strategy to intensify exploration and boost production. The first agreement was signed with Shell for the offshore Merneith area in the Mediterranean, committing $120 million in investments to drill three wells. The second agreement covers the East Port Said offshore area, involving Italy's Eni and $100 million in investments, as well as three wells. The third deal was concluded with Russia's Zarubezhneft for the onshore North Khatatba area in the Nile Delta, valued at $14 million, with four wells planned. The fourth agreement was signed with Arcius Energy for the offshore North Damietta area in the Mediterranean, with investments of about $109 million. The ministry said the agreements demonstrate continued efforts to attract foreign investment into the gas sector and accelerate exploration activities to strengthen Egypt's energy resources and production capacity. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
