Egypt explores for oil in the desert: $3. 5 billion deal
The Egyptian Ministry of Petroleum said in astatement today, Monday, that Cairo has signed anagreementwith the US-based Apache Corporation, under which the company is committed to spendingat least $3. 5billion on exploration, development andproduction in its concession areas in Egypt‘s westerndesert. The signed agreement is part of joint developmentand modernization efforts between the two sides […]