Egypt's Petroleum Minister Sherif Ismael ratified on Friday two concession agreements signed with British BP (BP.L) and the Italian Eni (S.p.A) oil companies earlier this month.
Chairman of the state-owned Egyptian Natural Gas Holding Company (EGAS) said the deals aim to develop 110 trillion cubic feet of gas resources to produce 100 million barrels a day.
Production s expected to begin in 2016.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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