Aswat Masriya (Cairo)
Cairo — Egypt's Petroleum Minister Tarek al-Molla signed two agreements for oil and gas exploration in the Western Desert and the Suez Canal regions on Tuesday.
Egypt aspires to increase its oil and gas production to meet the growing domestic demand for energy.
According to the ministry's statement, the first deal was signed with the Egyptian General Petroleum Corporation (EGPC) and Sahara for Oil and Gas with a total investment worth at least $30 million.
