Egypt’s Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell
Egypt’s Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell
The Egyptian Ministry of Oil and Mineral Resources has signed two production-sharing agreements (PSC) with Dutch Oil Company Shell for areas in the Mediterranean and Red Seas. The agreements extend to a total area of 3,097 square kilometers in the Red Sea, and 4,550 in the western Mediterranean. The agreement comes as Shell focuses its investments “¦ Continued
The post Egypt's Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell appeared first on Egypt Independent.The Egyptian Ministry of Oil and Mineral Resources has signed two production-sharing agreements (PSC) with Dutch Oil Company Shell for areas in the Mediterranean and Red Seas. The agreements extend to a total area of 3,097 square kilometers in the Red Sea, and 4,550 in the western Mediterranean. The agreement comes as Shell focuses its investments “¦ Continued
The post Egypt's Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell appeared first on Egypt Independent.