Middle East Economic Survey


No 20



Aegean Energy Farms Into West Kom Ombo Block

Greeces Aegean Energy has signed a farm-in agreement with Canadas Groundstar Resources to acquire a 70% interest and operatorship in the West Kom Ombo (WKO) block in Egypts south central desert, about 100km west of Aswan. The transaction will take place in two steps, the company said, with it initially acquiring the 60% stake currently owned by the Canadian company. Groundstar is still...