Egypt’s predominant offshore gas producer, Italian major Eni, intends to further cement its dominance in the country through investing $8bn over the next five years “toward developing existing fields and conducting further exploration.”
The pledge came on 28 September when the firm’s COO Global Natural Resources, Guido Brusco, met with Egyptian PM Mostafa Madbouly. “Eni plans to inject a total of $8 billion into the Egyptian market over the next five years, in cooperation with its partners,” a Ministry of Petroleum statement said, attributing the comments to Mr Brusco. (CONTINUED - 776 WORDS)
