Middle East Economic Survey

VOL. L

No 39

24-September-2007

EGYPT

Egypt Signs Three Exploration Agreements Worth $207Mn

Egypts Minister of Petroleum Sameh Fahmy on 18 September signed three exploration agreements with local and foreign firms requiring a total investment of around $200mn and a drilling commitment of 18 wells. The companies were all successful participants in the international bid round launched by Egyptian Natural Gas Holding Company (EGAS) in February 2006 (MEES, 27 February 2006)....