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00:49
Egypt signs 2 agreements to boost oil, gas production in Mediterranean, Gulf of Suez
STORY: Egypt signs 2 agreements to boost oil, gas production in Mediterranean, Gulf of Suez
SHOOTING TIME: July 28, 2024
DATELINE: July 29, 2024
LENGTH: 00:00:49
LOCATION: Cairo
CATEGORY: ECONOMY
SHOTLIST:
1. various of Egypt's Ministry of Petroleum and Mineral Resources
2. various of a meeting and a signing ceremony (courtesy of Egypt's Ministry of Petroleum and Mineral Resources)
STORYLINE:
On Sunday, Egypt's Ministry of Petroleum and Mineral Resources signed two investment agreements with international oil and gas companies. The 340 million U.S. dollars in new investment will boost production in the Mediterranean Sea and Gulf of Suez.
After discussions with oil and gas executives, Egyptian Petroleum and Mineral Resources Minister Karim Badawi signed a 222 million U.S. dollar investment deal with Shell Egypt to increase production and recoverable reserves.
A 120 million U.S. dollar agreement with Cheiron Energy was also signed to increase oil production in the Gulf of Suez.
Xinhua News Agency correspondents reporting from Cairo.
(XHTV)
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