What agreement did Egypt sign recently?

Egypt signed an agreement with oil giants Eni and BP to start exploration activities in the Mediterranean Sea.

What specific area will the drilling take place?

The agreement includes drilling an exploration well for natural gas in the Lake Timsah area.

When will the drilling activities commence?

The drilling activities are set to begin in the coming months.

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Home > Finance > Egypt agrees deal with Eni, BP for oil and gas exploration in the Mediterranean

Finance

Egypt agrees deal with Eni, BP for oil and gas exploration in the Mediterranean

Published by Global Banking & Finance Review®

Posted on July 31, 2025

1 min read

Last updated: January 22, 2026

Egypt agrees deal with Eni, BP for oil and gas exploration in the Mediterranean - Finance news and analysis from Global Banking & Finance Review

Egypt agrees deal with Eni, BP for oil and gas exploration in the Mediterranean

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Egypt Signs Exploration Agreement with Eni and BP in Mediterranean

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