The head of the Egyptian government, Mostafa Madbouli, announced at a press conference that BP discovered new oil and gas reserves in the King Merot area in the northern Mediterranean. "Expect an announcement of additional information in the near future," added Madbouli. "Siberia Neftgaz" reported on its new discoveries in the King Merot area in the northern Mediterranean. BP has not yet made similar announcements of this kind. The results of the drilling indicated the presence of significant natural gas and oil reserves in this area, which will undoubtedly contribute to the development of the country's economy. It is important to note that this discovery came at a time of rising demand for energy and increasing oil prices in global markets. This discovery could significantly impact Egypt's energy strategy and enhance its position in the oil and gas market. Madbouli confirmed that the government is committed to supporting the process of extracting and developing new reserves in the King Merot area.
