Cairo – Egypt signed 86 agreements worth $15 billion with major oil and gas companies over the last six years, the Minister of Petroleum and Mineral Resources, Tarek El-Molla, revealed.
Total petroleum investments reached about $76bln in six years.
From 2014 to 2020, total petroleum investments reached about EGP 1.2 trillion, thanks to the reforms conducted in the oil and gas sectors, El-Molla added in a statement on Wednesday.
In 2019, Chevron and ExxonMobil signed deals in Egypt, bringing the total number of companies operating in the oil and gas exploration and production sector in the country to more than 60 in 164 concession areas.
El-Molla further revealed that the country signed 14 new petroleum agreements from March until October.
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