Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani

Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani

Egypt’s Official Gazette has published law No. 159 of 2020 ratified by President Abdel Fattah Al-Sisi, authorizing Minister of Petroleum and Mineral Resources, Tarek El Molla to contract with number of companies for oil and gas exploration in the northern Sidi Barrani, Al-Ahram news website reported.

as per the law quoted by al-Ahram , deals of oil and gas exploration in Sidi Barrani’s marine area in the Mediterranean Sea shall be with the Egyptian Natural Gas Holding Company (EGAS), Chevron Egypt Holdings LTD, and Tharwa Petroleum Company (S.A.E). This law was issued on July,22,2020.

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