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Egypt secures $631 million in oil, gas deals to boost output

Egypt seals $631M in oil and gas agreements, aiming to significantly enhance production capacity and energy self-sufficiency.

The new accords reinforce long-term cooperation between the two countries and accelerate progress on one of Egypt’s most significant projects.

This is part of an integrated plan aimed at fostering more conscious engagement with the system’s human, operational, and procedural components.

The minister underscored the importance of ongoing efforts to develop joint projects aligned with the shared priorities with Namibia.

StenaMin, a company established under Egyptian law, will bear all investment and operational costs of the project, without any financial obligations.

Energy Events

EGYPES 30.03.2026

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