Egypt Signs Oil Concession Agreement With Deminex Group
Egypt has signed an oil and gas exploration and production sharing agreement for theNorth Idku tract (block I) with a consortium led by Deminex of Germany, a Deminexspokesman said on 21 April. The 2,048-sq. km. tract, located mainly offshore in theMediterranean east of Alexandria, is one of the last concession areas available in theregion. It excludes three Abu Qir gas producing leases falling within its...