Egypt has signed a new oil exploration and production agreement with Cheiron Petroleum Corporation valued at more than USD 30 million, strengthening the country’s push to expand domestic crude output and reduce reliance on imports. The deal, which covers the East Gamsa offshore block in the Gulf of Suez, includes a USD 1 million signing [...]
Egypt, Cheiron Ink New Oil Deal Covering Four Wells in Gulf of Suez
