Egyptian parliament ratifies agreements on oil cooperation

Apr 12, 2005 02:00 AM

Egypt's parliament ratified 14 agreements with a total value of $ 957 mm between the government and foreign oil companies.
The agreements will license foreign oil companies' exploration and exploitation of oil in the country's 25,000 sq km of land.

Approval of the agreements paved the way for foreign oil companies' entry into Egypt's petroleum sector, Egyptian Minister of Petroleum Sameh Fahmy said.
Egypt has an oil reserve of 15 bn barrels and gas of 67 tcf, Fahmy said in March.

Source: Xinhua
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events