INVESTMENT WATCH- German energy group DEA plans to invest nearly USD 500 mn in developing its oilfields in Egypt over the next three years, CEO Maria Moraeus Hanssen told journalists in Cairo on Saturday. “We intend to pump around USD 500 mn over the next three years in Egypt to develop the West Delta, Desouk and the Gulf of Suez fields,” she added, according to Reuters. DEA is a partner of BP in the West Nile Delta gas fields.

Tags: