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Cabinet Approves two Concession Agreements for Oil and Gas Exploration
April 19, 2026
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Posted 4 hours ago by
The Egyptian Cabinet approved a draft concession agreement for the exploration and exploitation of natural gas and crude oil in the Lotus offshore area in the Mediterranean Sea between the Egyptian government, the Egyptian Natural Gas Holding Company (EGAS), and Chevron Egypt Holdings Ltd. The agreement, involving the US-based Chevron, is part of broader legislative [] The post Cabinet Approves two Concession Agreements for Oil and Gas Exploration first appeared on Egypt Oil Gas.
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