2024-07-29 14:19:29
The Egyptian Ministry of Petroleum and Mineral Resources signed two agreements with international companies today, Sunday, to pump investments worth $340 million to boost oil and gas production in the Mediterranean and the Gulf of Suez.
The Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, held joint meetings with the heads of Shell International in Egypt and Kiron Energy, as a continuation of the series of discussions he is holding with international oil companies operating in Egypt to follow up on plans to pump new investments to increase production of oil and natural gas.
According to a statement by the Egyptian Ministry of Petroleum on Sunday, Shell has a diversified investment portfolio in Egypt, through which it has worked to increase the volume of its activities at an accelerated pace over the past two years as a major partner of the petroleum sector in developing oil and gas resources, through exploration, drilling and production operations, in addition to the liquefied natural gas complex in the Idku area.
Shell is implementing a program to develop the tenth phase of gas production in the West Delta Deep Area, in addition to preparing to develop the eleventh phase in the same area and completing the drilling of three new exploratory wells in the Mediterranean Sea, as well as pioneering initiatives to contribute to community development to support education, environmental conservation and entrepreneurship.
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2024-07-29 14:19:29