From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it’s strengthening its position in Egypt. The company stated Tuesday that its plans to oversee an exploration license on the Nile Delta basin in the Egyptian waters of the Mediterranean Sea were approved by the government in Cairo. Dubbed Nour, an Arabic word meaning “light,” the company said it plans to start drilling in the second half of this year. “This new acquisition further strengthens Eni’s position in Egypt, an area of historic and strategic importance for the company,” its statement read. Elsewhere, the company said it received a 10-year extension to existing exploration rights in the same region and a five-year extension to drilling rights in the Western Desert […]