{"id":601770,"date":"2019-03-10T03:56:31","date_gmt":"2019-03-10T03:56:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/"},"modified":"2019-03-10T03:56:31","modified_gmt":"2019-03-10T03:56:31","slug":"dea-signs-red-sea-concession-extension-agreement-with-egpc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/","title":{"rendered":"DEA signs Red Sea concession extension agreement with EGPC"},"content":{"rendered":"

German energy company DEA<\/a> signed a five-year extension agreement with the Egyptian General Petroleum Corporation (EGPC) for its concessions in the Ras Budran and Zeit Bay oil fields, the company said in a statement<\/a>. The agreement also includes an option to further extend DEA\u2019s concessions until 2027. DEA will invest a minimum of USD 20 mn in the concessions and is planning to invest about USD 700 mn in Egypt over the coming three years, according to a cabinet statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

German energy company DEA signed a five-year extension agreement with the Egyptian General Petroleum Corporation (EGPC) for its concessions in the Ras Budran and Zeit Bay oil fields, the company said in a statement. The agreement also includes an option to further extend DEA\u2019s concessions until 2027. DEA will invest a minimum of USD 20 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,8626,7117],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601770","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-gas","tag-red-sea","wpautop","entry"],"acf":{"mongo_id":"aa08134b-2c9f-4792-a31e-26dbe0a67913","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601741],"teaser":"","voice_url":""},"yoast_head":"\nDEA signs Red Sea concession extension agreement with EGPC - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEA signs Red Sea concession extension agreement with EGPC\" \/>\n<meta property=\"og:description\" content=\"German energy company DEA signed a five-year extension agreement with the Egyptian General Petroleum Corporation (EGPC) for its concessions in the Ras Budran and Zeit Bay oil fields, the company said in a statement. The agreement also includes an option to further extend DEA\u2019s concessions until 2027. DEA will invest a minimum of USD 20 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-10T03:56:31+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"DEA signs Red Sea concession extension agreement with EGPC\",\"datePublished\":\"2019-03-10T03:56:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"oil & gas\",\"Red Sea\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/dea-signs-red-sea-concession-extension-agreement-with-egpc\/\",\"name\":\"DEA signs Red Sea concession extension agreement with EGPC - 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The two sides also discussed an agreement they signed in March for DEA to extend its ownership of the Ras Budran and Zeit Bay oil fields in the Gulf\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597349,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/germanys-wintershall-dea-looking-to-invest-usd-800-mn-in-egypt-through-2020\/","url_meta":{"origin":601770,"position":2},"title":"Germany\u2019s Wintershall DEA looking to invest USD 800 mn in Egypt through 2020","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"INVESTMENT WATCH- Germany\u2019s Wintershall DEA is looking to invest USD 800 mn in Egypt through 2020, Oil Minister Tarek El Molla said on Monday at a joint press conference with the company\u2019s Chairman and CEO Mario Mehren. 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