A billion dollar are the investments of searching for the Egyptian petroleum

Egyptian Minister of Petroleum Hamdi El-Banbi announced that the Egyptian parliament is studying six new agreements to search for petroleum in Egypt whose investments are worth $1 billion in addition to the adjustment in one of the two agreements by adding $540 million dollar to the current investment. El-Banbi told ArabicNews.com that the offers was presented by six international companies.

The companies are Shell, Caltex, Total, Pertst petroleum, the Italian for the Egyptian oil (ICO), and a company from Chile that will work with the Egyptian private sector for the first time inside the Egyptian market.