According to Badawi, 11 new agreements have been signed with global companies for gas exploration and production, totaling a minimum investment of $925 million, with a signing bonus of $30 million.
The company's latest global bid was launched for the year 2024 in the field of natural gas research and exploration through the Egypt Upstream Gateway (EUG).
During the exploration phases, the minimum investment required is approximately $281 million, entailing the drilling of a minimum of 12 wells. Furthermore, there are $7.5 million in signature grants.
Egypt and Jordan have signed two new agreements set to boost gas exports and enhance cooperation in the natural gas sector, the Ministry of Petroleum and Mineral Resources announced on Saturday
