Egypt cabinet approves new petroleum projects

Nigeria offshore oil07 April 2014, Cairo – The Egyptian cabinet has approved the investment plan to address positions of Samanud Company, which is related to the increase of its capital and mechanisms for implementation of the proposed plan.

Cabinet media spokesman Dr. Sheriff Shawky disclosed this, pointing pointed out that the Cabinet also approved three projects for new oil agreements. It also approved amendment of three existing agreements, he added.

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