Tunis

  • El Molla Signs Two New Exploration Agreements

    El Molla Signs Two New Exploration Agreements

    Monday, 7th December 2015
    Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed two new agreements for oil and gas exploration in the Gulf of Suez and Western Desert. The first agreement is for the Haliph area in the Western Desert with the Tunisia's HBSI, with minimum investments of about $9m and a signature bonus of $1m, to drill 4 exploration wells, Egypt Oil & Gas reports.