Middle East Economic Survey

VOL. XLIX

No 52

25-Dec-2006

EGYPT

Ukraines Naftogaz Awarded Alam El-Shawish East Block

Ukraines state-owned Naftogaz Ukrainy has won its first international oil and gas concession in Egypt, where on 18 December it signed a 27-year exploration and development agreement for the Alam El-Shawish East oil and gas block, in the Western Desert. The concession, included in Egypts second licensing round of 2004 (MEES, 11 October 2004), calls for an investment of $30mn. Naftogaz...