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Saturday, May 23, 2026 9:50 GMT
The Egyptian General Petroleum Corporation (EGPC), Cheiron Petroleum Corporation, and Capricorn Energy PLC. signed on May 19 a new deal to pump at least US$208 million in the consolidated Badr El Din concession in the Western Desert to accelerate exploration, development, and production activities, noted a statement by the Ministry of Petroleum and the Mineral Resources (MoPMR). This came immediately after Capricorn announced that Karim Badawi, Minister of Petroleum and Mineral Resources, has...More