C O : Egypt Signs $34.5 Million Energy, Gold Agreements
Egypt signed four energy and gold exploration agreements valued at $34.5 million with companies including Apache Corp., the Oil Ministry said today.
Three of the agreements, valued at a total of $30 million, are with Apache and the state-run Egyptian General Petroleum Corp. to dig 14 wells in the Western Desert, the Cairo-based ministry said in a faxed statement.
Egypt also signed an agreement with Matz Holdings of Cyprus valued at $4.5 million to explore for gold in the Eastern Desert, it said.
