Middle East Economic Survey

VOL. L

No 21

21-May-2007

EGYPT

BG To Spend $3bn In Egypt By 2010

BG Group is to invest around $3bn on gas exploration and production in Egypt over the next three years. BG Groups Director in Egypt Ian Hewitt announced the companys major investment plans at a conference in Cairo this week. The money will go towards developing Rosetta Phase III and West Delta Deep Marine (WDDM) Phase IV, in order to maintain gas production for Egypts growing domestic market and for export,...