OREANDA-NEWS. March 21, 2008. National JSC "Naftogaz of Ukraine" and the Egyptian General Petroleum Corporation (EGPC) agreed on the location of the first oil well to be bored by the Ukrainian company in Egypt, the Naftogaz press service reported.

According to their concession agreement, Naftogaz will be a boring contractor on the territory of Egypt for the next three years, a project in which it will invest no less than USD 20.2 M.