Egypt, Halliburton agree to drill 50 oil wells in 18 months to boost output

Egypt signed an agreement with Halliburton to develop a program for drilling 50 oil wells over 18 months, employing horizontal drilling and hydraulic fracturing to increase domestic oil and gas production. The move signals Egypt's push to enhance energy self-sufficiency amid regional supply dynamics. Details on investment size and target fields remain undisclosed.

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