Phoenix Resources Awarded Natrun Concession
Phoenix Resources has been awarded an oil and gas production-sharingconcession covering 5,200 sq. kms. in the Natrun area of Egypt's Western Desert,according to a recent issue of al-Bitrul magazine, published monthly by theEgyptian General Petroleum Corporation (EGPC). The agreement has already beenapproved by the Egyptian People's Assembly (parliament) but still requires theapproval of the Council of Ministers before...