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Country-Plan Projects and Tenders |
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8702 Subject |
202.5 مليون دولار قيمة 9 عقود لاستكشاف البترول والغاز بخليج السويس والصحراء الغربية والساحل الشمالي ووسط الدلتا 9 new concessions for oil and gas exploration & exploitation involving $ 202.5 million investments plus $ 8 million signature bonus reviewed by the People Assembly for ratification. |
| Date Published | Tuesday, June 14, 2005 |
| Source Name | Asharq Al Awsat |
| Location Name | Country Wide |
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Description Date Format: (mm/dd/yyyy) |
9 new concessions for oil and gas exploration & exploitation involving $ 202.5 million investments plus $ 8 million signature bonus reviewed by the People Assembly for ratification. That was announced by Eng. Sameh Fahmy, Egypt Minister of Petroleum & Mineral Wealth, indicating that Egypt strategic reserves of natural gas are expected to increase from 67 trillion to 120 trillion cubic feet in the next few years. The agreements cover about 6,855 Km2 on & offshore areas to drill 14 wells in the western Desert, Suez Gulf & Al Manzala Lake in Central Delta. |
| Sectors Section |
Beneficiary Sectors - Petroleum - Oil, Gas & Petrochemicals Production |
