Oil Minister Tarek El Molla met on Friday with Petronas CEO Wan Zulkiflee to discuss the company’s plans in Egypt and its West Nile Delta 9B gas field, according to Ahram Gate. Production from the field, which Petronas jointly owns with Shell and EGPC, is set to begin this fiscal year and is expected to reach 350-400 mcf per day by 2019.
More from Enterprise
The CBE is taking a tougher stance on regulation
Last summer, HSBC paid the CBE a EGP 1.4 bn…
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn…
Why do listed companies buy back treasury shares?
Dividends are subject to a 10% withholding tax, while buybacks…
Valu gets regulatory green light to start operations in Jordan
Former Jordanian Investment Minister Mothanna Gharaibeh will serve as chairman…