#Gas : #Egypt to finalise $10 billion deal with #BP - Ahram Online
▻http://english.ahram.org.eg/News/104245.aspx
Egypt is to finalise a deal with British Petroleum to invest $10 billion in gas fields in Alexandria governorate, Petroleum Minister Sherif Ismail said in comments reported by Al-Ahram Arabic news website Thursday.
The fields, discovered by British Petroleum, are estimated to hold 5 trillion cubic feet of gas and produce 1.2 million cubic feet per day, which is equivalent to 20 percent of Egypt’s current daily gas production.
At a meeting next week the minister will announce plans to bring forward the date for connecting the new Alexandria gas fields to the national grid to 2017.