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Energy Committee reviews four draft laws
The Energy and Environment Committee of the House of Representatives approved four draft laws aimed at licensing the Ministries of Petroleum and Mineral Resources to contract with local and international companies for exploration and drilling of natural gas, crude oil, and petroleum. The goal is to increase production rates and enhance the country's energy resources. The agreements include licenses for exploring natural gas and oil in the areas of East Alexandria, North Tanta, and Firooz in North Sinai, as well as a license for oil exploration in the Asran Field in the Eastern Desert. This is part of the state's strategy to optimize the utilization of natural resources and attract investment in the sector.
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