Pharos Energyan independent oil and gas exploration and production companyhas announced that the Egyptian Cabinet approval of the Third Amendment of its El Fayum Concession Agreement. The approved terms, already announced on 30 March 2021, include both an increase of the cost recovery petroleum percentage and an extension of the exploration term of three and … Continue reading Pharos to Increase El Fayum Production Rates, Secures Egyptian Cabinet Approval Amendment