Egypt

North Petroleum pledges $78mln investment in Egypt’s Western Desert

Published on : 2024-06-03

North Petroleum International Company (NPIC), the Egyptian subsidiary of China’s Zhen Hua Oil, has pledged to invest $78 million to increase its production in Egypt’s Western Desert, Al Mal News reported.

This came as per some amendments to a previously signed agreement by NPIC for oil and gas exploration in the Western Desert.

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