South Valley Egyptian Petroleum Holding Company (Ganope) signed an oil exploration deal with Russian oil giant Lukoil to conduct seismic surveys and drill six exploratory wells in Egypt’s Eastern Desert. The agreement, announced by Egypt’s Ministry of Petroleum and Mineral Resources, aligns with the country's goal of boosting domestic oil production while expanding Lukoil’s presence in North Africa.

South Valley Egyptian Petroleum Holding Company (Ganope) and Russia's Lukoil Overseas Egypt Limited signed a concession agreement for oil exploration and production in South Wadi Al-Sahl. The agreement, overseen by Egypt’s Minister of Petroleum and Mineral Resources, includes a 3D seismic survey and the drilling of exploratory wells, positioning it as a move to attract foreign investment and expand production. However, Ganope's engagement with a Russian firm—originating from an authoritarian regime—raises concerns about economic collaboration that may support authoritarian networks.

Ganope, officially known as South Valley Egyptian Petroleum Holding Company, signed an agreement with Lukoil Overseas Egypt Limited for oil exploration and production in the South Wadi El-Sahl area of the Eastern Desert. The deal is part of the Egyptian Ministry of Petroleum’s strategy aimed at increasing production and lowering oil prices for citizens.

Egypt's South Valley Egyptian Petroleum Holding Company (Ganope) has entered into a concession agreement with Russia's Lukoil Overseas Holding Ltd. for a 3D seismic survey and exploratory drilling in Egypt's Eastern Desert. The deal aligns with the Ministry of Petroleum's strategy to boost production and meet domestic energy demand.

A commentary piece interrogates the broader human rights record of oil companies, suggesting that in order to access oil reserves, these firms may have to accommodate authoritarian regimes where indigenous and civil rights are compromised. This raises questions about companies operating in regions like Egypt.