Middle East Economic Survey
VOL. XLVIII
No 48
28-November-2005
EGYPT
Petrobel Makes Oil Discovery In Sinai
Egypts Ministry of Petroleum on 19 November announced that Petrobel, a joint venture between Italys Agip, a subsidiary of Eni, and the Egyptian General Petroleum Company (EGPC), had discovered oil in the Belayim-Abu Rudeis area of the Sinai Peninsula. Petroleum Minister Sameh Fahmy said initial tests showed reserves of 20mn barrels, adding that production would begin in about six months at a...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!