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Egypt signs two deals with ExxonMobil

The deals involve a minimum investment of $332 million.
29.01.20 | Source: The Daily Star

Egypt has signed two deals with ExxonMobil Corp. for oil and gas exploration in the Mediterranean, the Petroleum Ministry said Tuesday. The deals involve a minimum investment of $332 million, the ministry explained in a statement. ExxonMobil announced the acquisition of more than 7000 square kilometers last month. The first agreement is for exploration in the North East Amriya block, with a minimum investment of $220 million, the ministry said.


The second is for the North Marakia block, with a minimum investment of $112 million.

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