Egypt Could Sign Oil, Gas Deals Worth $9.2 bn in Coming Days

Egypt has three major oil and gas deals worth a total of $9.2 billion underway, news agency Reuters reported citing energy ministry statement.  

A spokesperson from the ministry said told Reuters that the country has attracted investments of about $2.9 billion for oil and gas exploration in just over a year.

Since November 2013, Egypt has concluded 53 new agreements with international companies to explore for oil and gas amounting to investments of about $2.9 billion, the spokesman said, adding: "We have three other agreements underway worth $9.2 billion."

He gave no further details, the news agency added.