Egypt will soon announce the companies that will prospect for oil in the western Mediterranean

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International oil companies Such as Total, BP, Chevron and Exxon Mobil To explore for oil in the western Mediterranean, and that this will be the first time to work in this region, through a mix between bidding and direct agreement, as quoted by "Reuters".

Italy’s Eni discovery of the field, which appeared in the reserves of thirty trillion cubic feet of gas, opened the government’s appetite for new auctions.

Minister Al-Mulla said that his country currently exports one billion cubic feet of gas per day to Europe By ten shipments per month, to be increased to 20 shipments per month after operating the liquefaction station in Damietta.

During the past few years, Egypt has demarcated its maritime borders with some countries in order to explore for Gas and oil Without conflicts.

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Al-Mulla added during his interview with the Egyptian newspaper that his country is in talks with International oil companies Such as Total, BP, Chevron and Exxon Mobil To explore for oil in the western Mediterranean, and that this will be the first time to work in this region, through a mix between bidding and direct agreement, “Reuters reported.

Italy’s Eni discovery of the field, which appeared in the reserves of thirty trillion cubic feet of gas, opened the government’s appetite for new auctions.

Minister Al-Mulla said that his country currently exports one billion cubic feet of gas per day to Europe By ten shipments per month, to be increased to 20 shipments per month after operating the liquefaction station in Damietta.

During the past few years, Egypt has demarcated its maritime borders with some countries in order to explore for Gas and oil Without conflicts.



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