Egypt Drills New Oil and Gas Wells in Hopes of Moving Away from Energy Imports
Egyptian Oil and Mineral Resources Minister Karim Badawi spoke about a new stage of hydrocarbon exploration in the country, which includes drilling 586 exploratory wells by 2030. It is planned to drill 110 wells by 2026 for $1.2 billion. By 2030, the number of wells should increase to 586, with …