Africa Oil & Gas: Egypt approves OIL & GAS agreements

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Egypt Government approves O&G agreements

Egypt’s government has approved five oil and gas exploration agreements, according to the country’s Petroleum Minister Tarek El Molla.

Four of the deals are for exploration offshore the country and were signed between EGAS and four foreign firms: BP, Edison, ENI, and Total. The fifth deal was signed between EGPC and local firm Trident Petroleum. The deal approves Trident’s drilling in the Gulf of Suez

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