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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

Egypt awards 4 gas exploration contracts in Mediterranean, Nile Delta

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