15 agreements to prospect for oil, natural gas signed

Egypt's Minister of Petroleum Sameh Fahmi said the signature of more petroleum agreements for prospecting for oil and natural gas is considered an evidence for the world's confidence in economic and political stability in Egypt.

These remarks were made during the ceremony of signing 15 new petroleum agreements with some Japanese, Italian, American, Canadian, Malaysian, German and Egyptian companies.

The prospecting operation would be carried out on an area of 20.45 square kilometers at a cost of $ 274.15 million.