Prime Minister Mostafa Madbouly has approved new six law drafts to authorize the Minister of Petroleum and Mining Resources Tarek El Molla for petroleum agreements between the Egyptian General Petroleum Corporation (EGPC), Egyptian Natural Gas Holding Company (EGAS), and a number of international oil companies (IOCs).

The approved agreements included the one between EGPC and Trident Petroleum Company to amend the Compliance Agreement issued under Law No. 204 of 2017, for the petroleum exploration, development, and production in the East Marine Live Development Zone, in the Gulf of Suez (Magawish offshore area).

Another agreement with the EGPC was approved for petroleum exploration, development, and production at the Ashrafi concession area in the Gulf of Suez. 

The third agreement was approved with the EGPC for petroleum exploration, development, and production at the Ras Al Ash concession area in the Gulf of Suez. 

The fourth agreement was approved with the EGPC for petroleum exploration, development, and production at the El Ziet East offshore concession in the Gulf of Suez. 

The fifth agreement was approved to allow the Minister of Petroleum and Mineral Resources to contract between EGAS and bp Exploration Delta Limited for oil and gas exploration, development, and production in the North King Mariout offshore concession in the Mediterranean. 

The sixth agreement was approved to allow the Minister of Petroleum and Mineral Resources to contract EGAS and bp Exploration Delta Limited for oil and gas exploration, development, and production at the northwest area of the Abu Qir offshore concession.