Prime Minister Mostafa Madbouly announced a new discovery in the King Mariout area in the northern Mediterranean made by bp.

It is a promising discovery and the figures related to it will be released in detail during the next phase, he elaborated. 

This came during the weekly press conference held by Madbouly at the government headquarters in the New Administrative Capital, where he reviewed the most important developments and government work activities over the past week.

The advantage of this discovery is that it is a petroleum and gas discovery, and it is expected that the composition in this region indicates the existence of more than one discovery in the coming period, Madbouly highlighted. All of this is positive news due to the regularity of the Egyptian state in paying the dues of foreign partners, which prompted them to expand exploration work, and the return began to appear during the current period.