Egypt Signs 4 Oil, Metals Exploration Deals Worth $34.5 Million
20 8월 2009 - 11:22PM
Dow Jones News
Egypt has signed four deals for petroleum and metals exploration
worth a total of $34.5 million, the Oil Ministry said Thursday.
The first deal, worth $15 million, involves digging six wells in
Siwa in the Western desert.
It is a joint project between the Egyptian General Authority For
Petroleum, Egyptian Company Thurwa and gas company Apache Corp.
(APA), the ministry said in a statement.
The second deal, worth $7.5 million, involves digging four wells
in the western desert. It is a joint project between the Thurwa and
Apache, the ministry added. The third deal, worth $7.5 million,
involves drilling six wells in al-Sallum area, in the Western
desert. It is a joint project between Thurwa and Apache.
The last deal, worth $4.5 million, involves searching for gold
in the Eastern desert. It is a joint project between the Authority
of Material Wealth and a Cypriot company.
-By Shereen El Gazzar, contributing to Dow Jones Newswires, +201
2429 8286, Shereen.elgazzar@gmail.com