Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

EGYPT

Gas Developments In Egypt’s Mediterranean Offshore Gather Pace

The exploration and development of Egypt’s gas-rich Mediterranean offshore are gathering pace. Minister of Petroleum Sameh Fahmy last week announced that BG, Edison and Petronas have earmarked $2.1bn of new investment to raise output at the deepwater gas fields they operate there. This figure is additional to the $1.7bn that Edison has committed to...