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FINANCIAL NEWS
Total wins gas exploration license in Egypt
30 Sep 2014
(MENAFN) Total, the French oil company, announced it has been awarded a license to explore for natural gas in the Nile Delta, Gulf News reported.
The deal was won after both Egypt’s General Petroleum Corporation (EGPC) and Natural Gas Holding Company (EGAS) announced an international auction for oil and gas exploration concessions in accordance with production sharing agreements last December.
These concessions are set for areas in the Suez Canal, Egypt’s western desert, the Mediterranean Sea and the Nile Delta.
In addition to Total, several other companies won concessions in the Mediterranean Sea and the Nile Delta including UAE’s Dana Gas, BP, Eni, Petroceltic and Edison.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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