Egypt Signs $208 Million Western Desert Agreement to Boost Oil and Gas Output

Egypt has signed a new upstream oil and gas agreement worth a minimum of $208 million for the integrated Badr El Din concession in the Western Desert, as Cairo seeks to accelerate exploration activity, raise domestic production and attract further foreign investment into one of the country’s most important producing regions. Minister of Petroleum and […] The post Egypt Signs $208 Million Western Desert Agreement to Boost Oil and Gas Output appeared first on The Middle East Observer.