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$8bn to Develop Oil Prospection Output of Old Fields

Source: www.gulfoilandgas.com 2/26/2012, Location: Africa

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Investments of world companies in oil and natural gas prospection and developing old fields and wells exceeded $ 8 billion in Egypt, said Hani Dahi the Chief Executive of the Egyptian General Petroleum Corporation (EGPC) on Saturday 25/2/2012.

German, Italian, French, Russian, U.S., Dutch and Malaysian companies cooperate with petroleum sector to boost international investments in the fields of oil and natural gas manufacturing, increasing oil and natural gas reserves and stabilizing daily output rates, added Dahi.

Dahi further pointed out that an international tender was floated by (EGPC) for oil prospection in the new areas of Suez Gulf, western desert, Sinai and Mediterranean Sea.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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