Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian energy group Eni (ENI.MI) for oil exploration in the Gulf of Suez and Nile Delta regions worth “not less than $1 billion” of investments, the petroleum ministry said on Friday.
The agreement also included a commitment from Eni to additionally spend “not less than $20 million” to drill 4 wells, the ministry added in a statement.
Follow us on:
Victor Okhai has argued that Trump’s presidency could encourage Nigeria to reduce foreign aid reliance…
Equatorial Guinea's VP has announced the suspension of officials involved in sexual misconduct within government…
Following outrage over the arraignment of minors, IGP Egbetokun has directed a probe into minors’…
Americans are headed to the polls to choose the next president in a tightly contested…
An Abuja court has struck out the case against #EndBadGovernance protesters as the AGF discontinued…
The UK has confirmed two more cases of the new mpox variant, clade Ib