Middle East Economic Survey
BG Preempts Shells Sale Of Rosetta Stake To KUFPEC
BG Group announced on 6 September it had finalized an agreement to purchase Shells interest in the Rosetta concession offshore Egypt for some $235mn, pre-empting Shells earlier decision to sell to Kuwait Foreign Petroleum Exploration Company (KUFPEC MEES, 14 June). The transaction is subject to a number of conditions, including Egyptian government approval. The Rosetta concession...