Newspaper > Agreements Articles

  • March 2012 Issue

    GANOPE-NJSC Naftogaz Exploration Agreement Reinforces Minister’s Vision

    Under the stewardship of Petroleum Minister Eng. Abdullah Ghorab, the Egyptian petroleum industry has witnessed a rising number of agreements between the Egyptian government and foreign companies. Greater focus has been placed on encouraging foreign investment in exploration and development operations in order to build up Egypt’s reserves of oil and natural gas and thus meet burgeoning domestic needs, in addition to exporting surplus resources with the purpose of funding economic development.