The House of Representatives has approved two draft laws, submitted by the government, authorizing the Minister of Petroleum and Mineral Resources to contract for exploration and production (E&P) activities in South Ghareb and the Eastern Desert, Al Ahram reported.
The first draft law allows the Petroleum Minister to contract with General Egyptian Petroleum Corporation (EGPC) and BP Egypt company for petroleum E&P operations in A and B blocks, at a space of about 40 kilo meter square in the South Offshore Ghareb, at the Gulf of Suez
The second draft law enables the Petroleum Minister to contract with Ganoub El Wadi Petroleum Holding Company (Ganope) and the Egyptian National Petroleum for Exploration and Development (ENPEDCO) to conduct E&P activities in Wadi Deb area in the Eastern Desert.
In the same context, a report prepared by the parliament’s energy and environment committee highlighted the remarkable success achieved by the oil & gas sector in the Eastern Desert in the light of the new discoveries in this region, thanks to the demarcation of the border agreement signed between Egypt and Saudi Arabia in the field of petroleum and natural gas production.
Parliament Approves Bills of E&P in South Ghareb, Eastern Desert
Fatma Ahmed 2046 Posts
Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.
