Middle East Economic Survey

VOL. LIII

No 39

27-Sep-2010

EGYPT

Egypt Signs Agreements For Western Desert Exploration

Egypts Ministry of Petroleum has signed agreements with three western firms for exploration work on Western Desert concessions. In a statement, the ministry said that Texas-based Apache Corporation and one of its partners on the East Beni Suef concession, UKs Dana Petroleum, have signed an agreement to drill five exploration wells on the acreage at an estimated cost of $12.5mn....