Egypt's EGAS, Chevron Sign $88M Gas, Oil Exploration Deal
Egypt's Natural Gas Holding Company (EGAS) and Chevron have signed an agreement with a minimum investment of $88 million to explore for natural gas and crude oil in the Mediterranean Sea's offshore Lotus block.
Egyptian Natural Gas Holding Company (EGAS) and Chevron have signed a new agreement with a minimum investment of $88m to explore and exploit natural gas and crude oil in the Mediterranean Sea’s offshore Lotus block. The agreement was signed by EGAS Executive Managing Director Sayed S…