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Egypt has signed four deals for petroleum and metals exploration worth a total of $34.5 million, the Oil Ministry said Thursday.
The first deal, worth $15 million, involves digging six wells in Siwa in the Western desert.
It is a joint project between the Egyptian General Authority For Petroleum, Egyptian Company Thurwa and gas company Apache Corp. (APA), the ministry said in a statement.
The second deal, worth $7.5 million, involves digging four wells in the western desert. It is a joint project between the Thurwa and Apache, the ministry added. The third deal, worth $7.5 million, involves drilling six wells in al-Sallum area, in the Western desert. It is a joint project between Thurwa and Apache.
The last deal, worth $4.5 million, involves searching for gold in the Eastern desert. It is a joint project between the Authority of Material Wealth and a Cypriot company.
-By Shereen El Gazzar, contributing to Dow Jones Newswires, +201 2429 8286, Shereen.email@example.com