OIL & GAS
Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4-million in total with Royal Dutch Shell and the US-based Apex Oil Company. The Petroleum Ministry said in a statement that the first deal would see Shell invest $35.5-million, and the other two would see Apex, which is operating in Egypt for the first time, invest a combined $45.9-million on two projects.
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