CAIRO, Aug 17 (Reuters) - Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry said on Monday.
“Of the total, five are extensions and amendments to already existing deals and one is a completely new deal,” the official told Reuters.
The agreements include an exploration deal signed between the state-owned Egyptian General Petroleum Corporation and BP and IEOC worth $1.1 billion and another signed between the same three partners worth $900 million.
The new deal, with Tharwa, is for exploration over an area of 43 square km (16.6 sq mile) in the Eastern Desert, together with Ganoub el-Wadi Petroleum Holding Company, and is worth $17.5 million. (Reporting by Maha El Dahan, editing by Anthony Barker)