CAIRO, Aug 14, 2018 (MENA) - Petroleum Minister Tareq el Molla signed three oil and gas exploration agreements in the Mediterranean Sea, the Western Desert and Nile Delta, with investments worth 139.2 million dollars. In a statement on Tuesday, the Petroleum Ministry said the first deal was signed by the Egyptian Natural Gas Holding Company (EGAS), Tharwa Petroleum Co. and Italy's Eni company to drill two wells in the Noor gas field in the Shorok concession area of the Mediterranean Sea, with 105-million-dollar investments. The second agreement was signed by the Egyptian General Petroleum Corporation (EGPC), Eni company and the Croatian Ina - Naftaplin International Exploration and Production Ltd to dig nine wells in Ras Qattara concession in the Western Desert, the statement added. As for the third deal, it was signed by EGPC, Eni and British Petroleum (BP) to drill four wells in Nidoko in the Nile Delta, at total investments of $ 22.5 million, according to the statement. Following the signing ceremony, the minister asserted that the petroleum sector will continue to make oil and gas exploration deals as they are the cornerstone of investments.
