Middle East Economic Survey

VOL. LII

No 7

16-Feb-2009

EGYPT

RWE Dea And El Paso Swap Interests In Neighboring Egypt Concessions

Germanys RWE Dea and Houston-based El Paso Corporation have agreed to exchange interests in adjoining exploration assets in northern Egypt, the two companies announced on 10 February. Each company has assigned a 40% equity interest to the other in an arrangement involving RWEs Tanta Concession in the Nile Delta transition area and El Pasos South Mariut Concession in the...