Egypt awards 4 gas exploration contracts in Mediterranean, Nile Delta

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Egypt awards 4 gas exploration contracts in Mediterranean, Nile Delta

STORY: Egypt awards 4 gas exploration contracts in Mediterranean, Nile Delta DATELINE: Sept. 27, 2023 LENGTH: 00:00:52 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. the press conference 2. various of natural gas wells STORYLINE: Egyptian Natural Gas Holding (EGAS) announced on Tuesday that it awarded 4 exploration contracts in the Mediterranean and Nile Delta to foreign companies, with minimum investments of 281 million U.S. dollars and 7.5 million dollars in signing grants. According to the state-owned newspaper Al Ahram, two exploration contracts in the Mediterranean were awarded to the Italian energy company Eni, and one contract was awarded to a consortium of Enit, British Petroleum (BP), and Qatar Energy. Russian state-owned energy company Zarubezhneft was awarded a contract in the Nile Delta. The 4 contracts were part of a tender closed in July 2023 on Egypt Upstream Gateway (EUG), which was launched in 2020. The platform promotes Egypt's oil and gas industry by providing easy digital access to

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