BP CEO decides strategy includes stake in huge Egyptian gas field that will impact LNG market
Tuesday, 06 December 2016
Our Europe editor
Italian energy company Eni has agreed to sell to BP a 10 percent stake in the Shorouk concession in Egyptian waters of the East Mediterranean for up to $500 million, making the UK company a partner in the “supergiant” Zohr field that will impact regional LNG supplies when it comes on stream in late 2017.
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