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Wednesday, March 10, 2010 10:0 GMT

Top News of Egypt

Egypt's Tharwa Fiinds Oil in Eastern Desert

Egyptian oil and gas firm Tharwa has discovered oil in the Eastern Desert with a production level of 1,300 bpd, an official at the Petroleum Ministry said. The discovery is in a concession in the West Esh El Mallaha area west of Hurghada, said the official, who asked not to be named. Tharwa signed a US$17.5 million deal in August 2009 for exploration over an area of 43 square Km in the Eastern Desert.- Reuters ...More


published:09/03/2010 08:02 GMT




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