Egypt

The Egyptian government has approved 12 projects for oil and gas exploration

Published on : 2020-06-12

The Egyptian government has approved 12 projects for oil and gas exploration, including 8 agreements for EGAS.

Projects include Narges Albhriya - North Al Dabaa Al Bahariya - North Sidi Barani Al Bahriya - North Al Salloum Al Bahariya - North Al Amiria - North of Ras Knaiss Albhryia - North Marina Albhriya - North Cleopatra Albhriya in the Mediterranean.

The Egyptian government has also agreed on 3 deals for the Ganob Alwady Egyptian Holding Company for Petroleum in the Red Sea, in addition to an agreement for the Egyptian General Petroleum Corporation in the eastern region of Abu Sennan, Western Desert, and these agreements are concluded with a number of American, British, French, Emirati, and Kuwaiti companies.

The conflict between Egypt, Cyprus and Greece on the one hand, and Turkey on the other hand, is burning over the Mediterranean's fortunes, as Egypt accused the Turkish authorities of "continuing to take unilateral measures" that increase tension in the Mediterranean, against the backdrop of Ankara sending a second ship to the northern Cyprus coast to explore for gas.

Since May 4, 2019, Turkey has been carrying out gas exploration "with permission" from the Turkish Republic of Northern Cyprus, in the waters of the Mediterranean, which is part of the internationally recognized economic zone of the Republic of Cyprus.

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