ABU DHABI, Nov 4 (Reuters) - Egypt and ExxonMobil ( XOM ) have
signed a memorandum of understanding to expand natural gas
exploration and production activities in the Egyptian
Mediterranean, the Egyptian Petroleum Ministry said on Tuesday.
Under the MOU, ExxonMobil ( XOM ) plans to invest in a new
concession area located west of Egypt's Zohr field, according to
the ministry's statement.
(Reporting by Nayera Abdallah; Writing by Tala Ramadan)