Petroleum Agreements is the key to catalyzing growth in increasing foreign Direct investment, that is why EGPC always make a review of the frame work within which agreements with foreign investors are linked.
The petroleum agreements model was subject to many evolutions.
Since 1973 Egypt has adopted production sharing system as the basic contractual instrument for petroleum exploration and exploitation.
Within the period 1973 till now EGPC signed 420 agreements with several international petroleum companies.
EGPC is currently partner with 56 international companies in 126 petroleum agreements in the Western Desert, Gulf of Sues Nile Delta, Eastern Desert and the Mediterranean