Egyptian Petroleum Ministry
The rig will begin by drilling one development well and one exploratory well for UK-headquartered energy giant BP, followed by two exploratory wells for Arcius Energy, a joint venture between BP and Emirati ADNOC.
The Ministry of Petroleum reassured citizens that Egypt has diversified gas supply sources and prepared alternative capacities before gas flows from the eastern Mediterranean were halted following recent military strikes.
To achieve this, several agreements have been signed with leading global companies to lease modern floating regasification units, thereby increasing the system’s capacity and ensuring stable supply during peak periods.
Taking a taxi will also be more expensive starting today.
Egypt’s Fuel Automatic Pricing Committee decided Friday to increase the prices of gasoline in the local market by 25 piastres per liter, the Ministry of Petroleum announced.
