Middle East Economic Survey

VOL. LIV

No 49

5-Dec-2011

EGYPT

Dana Petroleum And EGPC Form Joint Venture For North Zeit Bay Concession

Dana Petroleum on 29 November announced that Egypts Ministry of Petroleum had approved the formation of a joint venture with state-owned Egyptian General Petroleum Corporation (EGPC) called Petro Kareem. The new company will produce oil and gas from the Lorcan development lease within the onshore North Zeit Bay (NZB) concession which is located 320km southeast...