Middle East Economic Survey

VOL. LIII

No 46

15-Nov-2010

EGYPT

Groundstar Transfer Of Kom Ombo Interest Approved

Egypts Ministry of Petroleum has approved an agreement to transfer 60% of the interest held by Groundstar Resources in the West Kom Ombo to Aegean Energy, a subsidiary of Energean Oil and Gas. A series of additional planned transactions will see a further 20% interest transferred to the Greek company, Groundstar said in a statement, resulting in a final holding of 80% interest for...