Shell reports new oil discovery in Egypt

Published December 26th, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

The International oil giant Shell has recently discovered a new oil source in the eastern area of Abu Al-Gharadeeq in the Egyptian Desert. A Shell company source reported that the new petroleum discovery in Egypt should produce 4,000 barrels of oil per day. Shell’s investments in oil and gas excavation operations in Egypt are estimated at $3.5 billion. — (menareport.com)

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