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Egypt, positive results from drilling of Nassim-1X natural gas exploration well

Egypt ·

Egypt's Ministry of Petroleum and Mineral Resources said the preliminary assessment identified a gas-bearing formation with an estimated initial volume of about 200 billion cubic feet. The well lies in the Taiba concession area in the Mediterranean.

Egypt has sought to expand domestic gas output after supply shortfalls in recent years, so new discoveries in the Mediterranean attract considerable attention.

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