Egypt announces three new Oil Discoveries in Gulf of Suez, Eastern and Western Deserts

Egypt announced three new petroleum discoveries in Gulf of Suez, Eastern and Western desert with total reserves of 21.2 million barrels of oil and 11 billion cubic feet of gas.

From his part, Minister of Petroleum and Mineral Resources Sherif Ismael stressed importance of continuing development of the modern technological methods, adoption of unconventional ideas and expansion in implementation of the new wells drilling programs.

The minister made his remarks came during a meeting held between the Minister and the petroleum leaders to review results of the exploration and development activity programs during the past financial year.

Source: Egypt State Information Service