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Rosneft Will Invest Over $2B at Zohr Field

Source: Reuters 11/14/2017, Location: Egypt

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Russiaís largest oil producer Rosneft will invest more than $2 billion in Egyptís Zohr gas field in the next four years, the company said in a presentation.

It also said the production plateau at the field, where Rosneft may increase its stake to 35 percent, is seen at 29 billion cubic metres of gas a year.

Egypt >>  8/14/2018 - Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediter...
Egypt >>  8/13/2018 - Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Devel...

Egypt >>  8/6/2018 - The daily production of Zohr gas field will increase to 1.75 billion cubic metres by the end of the month and to 2 billion cubic metres by September, ...
Egypt >>  8/5/2018 - An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the countryís energy sector said, ...

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Egypt >>  7/30/2018 - The Egyptian General Petroleum Corporation has signed an agreement with British Petroleum to drill in the Gulf of Suez region, Al-Ahramís Arabic websi...

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