BUSINESS

Egypt is about to Open new areas for Oil, Gas Exploration in Red Sea

Egypt

Earlier on Thursday, Egypt Prime Minister Sharif Ismail held a meeting to discuss on number of issues, latest you and bed that in to increase the country’s crude oil and natural gas production, news Agency MENA reported. Mulla said they discuss the establishment of petrochemical factory in the SUEZ governorate at a cost of 40 million US dollars. The feasibility study of project the number of International and foreign organisations, is in August,. That the meeting also discuss the bill that eat to increase illegal expression of precious metal.

Egypt petroleum minister Tariq Al Mulla said on Thursday said that red Sea will be open for breeding for exploration is a part of agents effort to expand oil, production. Mulla did not disclose the exact date for the building. He told on news conference that the bleeding comes after the recent cruel of the Egyptian Saudi Marine time border demarcation deal, in which Egypt agrees to transfer to Red Sea island in the Red Sea to Saudi Arabia, xinghua reported.

 

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