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Igor Sechin Made a Working Visit to Egypt

Source: www.gulfoilandgas.com 3/27/2017, Location: Egypt

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President of Egypt Abdel Fattah el-Sisi hosted the participants of the consortium, developing the gas field Zohr: Rosneft Chief executive officer Igor Sechin, Eni Chief executive officer Claudio Descalzi, BP Chief executive officer Bob Dudley.

The parties discussed the cooperation with Egyptian authorities and business partners (the stae-owned Egyptian Natural Gas Holding Company is a member of the joint venture Petroshouruk, the project’s operator).

Igor Sechin informed Abdel Fattah el-Sisi on the status of Rosneft’s acquisition of a share in the Zohr field development project. The closing of the deal is expected in Q2 2017. The Head of Rosneft also informed on the increase of energy sources supplies to Egypt: in 2016 alone the Egyptian General Petroleum Corporation acquired from the Company 1.32 mmt of oil products, the Egyptian Natural Gas Holding Company – 174 thousand t of LNG.

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