Middle East Economic Survey


No 42



Edison Shortlists 10 Firms For Abu Qir Farm-In

Edison, the Italian firm that acquired the Abu Qir gas fields for $1.4bn in December last year, is seeking to farm out a stake of up to 40% in the offshore concession to help finance its development program, and has shortlisted 10 firms, MEES learns. Its still our intention to sell a stake in the Abu Qir gas project, an Edison spokesman said. While declining to give a precise timeline, he...