Egypt: Billion-Dollar Exploration ‘Commitments’ Fail To Disguise Delays
Key foreign operators in Egypt have fallen over themselves in recent weeks to impress the country’s new government with their commitment to Egypt’s upstream. But payment and permit delays mean exploration activity has slumped.
By James Cockayne
At his 3 September meeting with Egypt’s new President Muhammad Mursi BP CEO Bob Dudley pledged that his...