Egypt to increase oil, gas reserves

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Egypt to increase oil, gas reserves

STORY: Egypt to increase oil, gas reserves DATELINE: Sept. 27, 2022 LENGTH: 00:01:04 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Petroleum Ministry headquarters in Cairo 2. various of Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla speaking 3. various of gas and oil fields STORYLINE: Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla confirmed on Monday that the government is working to increase oil and gas reserves by offering international bids and intensifying search and exploration operations. El Molla made the remarks during his presidency of the General Assembly of the Egyptian South Valley Petroleum Holding Company. He added that the move will reflect positively on increasing domestic production rates of oil and gas. He pointed out that there are good petroleum prospects in the Red Sea region, as three agreements were signed with major international companies for exploration in that region. Xinhua News Agency correspondents reporting from C

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