Middle East Economic Survey

VOL. LII

No 8

23-Feb-2009

EGYPT

E.ON Ruhrgas Farms Into Offshore NW Damietta Permit, Expands In North Africa

E.ON Ruhrgas has farmed into the Northwest Damietta exploration license in the offshore Nile Delta that is operated by Shell Egypt, as part of its efforts to expand in and secure gas from North Africa, the German gas firm announced last week. The 29% stake in the concession that E.ON Ruhrgas has acquired represents the companys arrival in the Egyptian upstream....