Egypt signed on Thursday a deal with Norwegian seismic surveyor PGS company to carry out the largest seismic exploration project in Egypt's territorial waters in the Mediterranean Sea
Egypt has been facing a continuous dwindling in natural gas production since 2012, which led the government to import liquefied gas shipments to fill its needs.
The Egyptian government is currently involved in negotiations with Emirates to sign a new agreement to secure the needs of local market of petroleum derivatives during the second half of the current year