Petroleum minister Sherif Ismael ratifies 2 gas deals
Petroleum minister Sherif Ismael
Cairo - MENA
Egypt's Petroleum Minister Sherif Ismael ratified on Friday two concession agreements signed with British BP (BP.L) and the Italian Eni (S.p.A) oil companies earlier this month.
Chairman of the state-owned Egyptian Natural Gas Holding Company (EGAS) said the deals aim to develop 110 trillion cubic feet of gas resources to produce 100 million barrels a day.
Production s expected to begin in 2016.
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