KIEV, Aug. 2 – Naftogaz Ukrayiny's project to explore and develop oil and gas fields in Egypt is successfully advancing, said Ukrainian Fuel and Energy Minister Yuriy Boyko.

"The results of the project on extracting gas in Egypt will be known in three years… There, the project is advancing quite successfully and a team of geologists and drillers is working. Tenders to select a service company and equipment [supplier] have been held," he said.