Exxon Mobil is looking at exploring the eastern Mediterranean offshore Egypt and considering opportunities in the Red Sea, according to unidentified industry sources. Egypt Petroleum Minister Tarek El-Molla told Reuters that Exxon officials recently held talks with ministry to discuss oil and gas production investments. The sources said Exxon’s interest was not limited to Egypt, but also included potential investments in other countries including Algeria, Libya, Nigeria, Saudi Arabia and Syria.
Exxon Mobil is looking at exploring the eastern Mediterranean offshore Egypt and considering opportunities in the Red Sea, according to unidentified industry sources. Egypt Petroleum Minister Tarek El-Molla told Reuters that Exxon officials recently held talks with ministry to discuss oil and gas production investments. Exxon declined to comment.