Middle East Economic Survey

VOL. L

No 1-2

1/8-Jan-2007

EGYPT

Statoil Wins Second Block Offshore Egypt

Norways Statoil on 28 December said it was awarded a second offshore block as a result of the 2006 Egyptian Natural Gas Holding Company (EGAS) international bid round (MEES, 11 December 2006, 27 February 2006). Statoil was made operator of Block 10, directly adjacent to Block 9, which in early December was awarded to it and partner Sonatrach, Algerias state-owned oil company. The shareholdings in...