New Oil And Gas Discoveries
Two new discoveries, one oil and one gas, have been made in Egypt. The oil discovery was made by Agiba Petroleum - the joint venture between the Egyptian General Petroleum Corporation (EGPC) and the Agip subsidiary International Egyptian Oil Company (IEOC) - in the Ras Qattara concession area in Egypt's Western Desert. Egyptian Oil Minister Hamdi al-Banbi said on 4 November that the discovery well, al- Ghars No. 1,...