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Monday, September 15, 2025 22:10 GMT
Dragon Oil, wholly owned by the Emirates National Oil Company (ENOC) – which is fully owned by the Government of Dubai, announced the signing of a new agreement with the Egyptian General Petroleum Corporation (EGPC) to enhance exploration and production activities in the Gulf of Suez. The agreement provides for investments of around US$30 million, including a program to drill at least two new wells in the fields, as part of a joint strategic plan between the Egyptian Ministry of Petroleum and...More