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Volume 41 Issue 12
10
OAPEC Member Countries
EGYPT
Egypt’s Petroleum and Mineral Resources Minister HE Eng Tarek Al
Mulla signed two new agreements on oil and gas exploration in Gulf of
Suez andWestern Desert for The Egyptian General Petroleum Corporation
(EGPC). As per the first agreement, Tunisia’s HBS will drill four wells in
the Halif region in the Western Desert worth $9 million, and a signature
bonus of $1 million. The second agreement was for a contract extension
for EGPC’s Gazurina oil field for an additional 10 years, located at the
West Gemsa online area in the Gulf of Suez.
HE Al Mulla said in a press statement that the Ministry has signed
63 new petroleum and gas exploration agreements with international
companies with minimum investments of $3.14 billion to drill 268 wells
in order to increase petroleum and gas reserves in Egypt.
2 New Petroleum Agreements Signed in Egypt
HE Anas Al Saleh Appointed
Kuwait’s Acting Oil Minister
An Ameri Decree was issued in Kuwait on 29 November
2015 appointing HE Anas Khaled Al Saleh as acting Oil
Minister in addition to his roles as Deputy Prime Minister and
Finance Minister.
KUWAIT