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Egypt has announced a $500 million agreement with Arcus to develop the Harmatan gas field in the Mediterranean, aiming to produce 150 million cubic feet of gas daily. The project is expected to enhance local gas production and reduce import dependency.
The Egyptian Ministry of Petroleum announced the signing of an agreement with the global company Arcus to develop the Harmattan field in the Mediterranean Sea. This project is expected to produce approximately <strong>150 million cubic feet</strong> of natural gas daily, reflecting Egypt's commitment to enhancing its natural gas production.