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Article: Egypt : Egypt signs $2.3 billion oil, gas deals.
- Article from:
- TendersInfo
- Article date:
- August 21, 2009
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Byline: manish03
Egypt agreed to oil and gas exploration deals worth $2.3 billion covering the Eastern Desert, the Nile Delta, the Gulf of Suez, and northern Sinai.
BP PLC finalized gas prices and commercial terms with the oil ministry for development of gas fields in the East Nile Delta and in the Gulf of Suez and expects to commit $2 billion to bringing them on stream. East Nile Delta covers the Ras El-Barr and Temsah concessions and the Gulf of Suez relates to the extension of two concessions in South Ghara and South Belayim.
BP and its partner, International Egypt Oil Co., ...