Egyptian Minister of Petroleum, Sameh Fahmy and Abdullah Said Abdullah Al- Thani, chairman of Al-Thani Corporation signed two agreements for oil and gas exploration in South Siwa.
The Emirates group has been given the right to conduct its explorations in the Western Desert at the Egyptian – Lybian borders and East Magawich at the Eastern Desert, in an area of 28,467 kilometer square, with total investment of $21.5 million.
According to the terms of agreement, the company will drill seven wells with signature bonuses of $2.3 million for Ganoub El-Wadi Petroleum Holding Company.

(Mop & Ahram)