The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Gas Holding Company (EGAS) signed an agreement, worth 4 billion dollars, with British Gas (BG) company meant to increase production and explore gas in the Delta.
The agreement was signed Sunday on the sidelines of Egypt Economic Development Conference (EEDC) in Sharm el Sheikh.
Under the agreement, the BG will continue to develop the West Delta Deep Marine concession and study future projects to support sustainable stability of natural gas resources in Egypt.