Egypt’s Ministry of Oil signs two Mediterranean and Red Sea production-sharing agreements with Shell

  • Date: 03-Jan-2021
  • Source: Egypt Independent
  • Sector:Oil & Gas
  • Country:Egypt
  • Who else needs to know?

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.