Middle East Economic Survey

VOL. LI

No 51-52

22/29-Dec-2008

EGYPT

Edison Seeking Partnership With EDF In Abu Qir, To Help With Development Costs

Edison has said it is looking to offer the French power firm EDF a stake in the offshore Abu Qir gas concession, which it was awarded by Egypts state-owned EGPC on 2 December, to help the Italian firm pay for the costly development of the field. The big problem is the economic crisis, an Edison source told MEES. We have a huge investment program abroad...