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Cheiron, EGPC sign oil exploration and production deal...
05 Dec, 2025 08:32 180 min read
Cheiron has secured a new oil exploration and production agreement in Egypt's Gulf of Suez, involving over $30 million in investment for drilling four wells. The deal, endorsed by Egypt's petroleum ministry, exemplifies the government's push to attract greater private investment into its oil and gas sector. This follows other recent agreements and aligns with Cheiron's ongoing activities, which include bringing a new gas field online with plans to significantly increase its output.... More