Egypt signs four new oil and gas pacts
The Egyptian Cabinet has approved four investment agreements in the fields of gas and oil with a total cost of approximately $52.97 million. These include drilling six wells in areas east of Alexandria, north Tanta, north Sinai, and developing the Asran Field in the Eastern Desert. They have also approved granting GPH Ban Company the right to manage and operate the passenger terminal at Alexandria Port for a period of 15 years, aiming to develop the transportation system and enhance Egypt's position as a global trading hub.
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