Cairo - Mubasher: Tunisian HBS Oil Company (Hédi Bouchamaoui Services) of the group Bouchamaoui signed an oil and gas exploration agreement with the ministry of Oil and Mining Resources of Egypt.
Under the agreement, HBS will drill four wells in the Halif region in the Western Desert worth $9 million.
Earlier, Egypt’s President Abdel-Fattah El-Sisi ratified six oil and gas exploration contracts worth a combined $2.2 billion.
