Egypt signs $42mn gas exploration deal with Cheiron for East Alexandria offshore block

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of a new agreement to explore for natural gas in the East Alexandria Offshore area of the Mediterranean, between the state-owned Egyptian Natural Gas Holding Company (EGAS) and Cheiron. The deal commits Cheiron to a minimum investment of more than $42mn to drill […]