Egypt has entered into four oil and gas exploration agreements with international companies valued at more than $340m (E£16.52bn), aiming to bolster domestic production in the face of growing energy demand.
The agreements, disclosed by the Petroleum Ministry on 30 August, encompass offshore blocks in the Mediterranean and Nile Delta.
These contracts include a commitment to drill ten new wells and were secured by the state-owned Egyptian Natural Gas Holding Company (EGAS).
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