British Gas, Petronas and Edison to invest $ 2.1 bn in Egypt
Feb 04, 2009 01:00 AM
Three international companies have allocated additional investments worth $ 2.1 bn to boost natural gas production in
Egypt.
The companies are British Gas, Malaysia's Petronas, and Italy's Edison, according to Sameh Fahmy, Egyptian Petroleum
Minister.
The funds will be used to drill new production wells and to implement projects for the development of natural gas
fields in West Delta, Rosetta, Rashid and Edko in the Mediterranean deep water, Fahmy said.
These fields currently cover 40 % of Egypt's overall output, he added.
