Enap ... eyeing Egypt
Enap to build $30m oil pipeline in Egypt
SHARM EL SHEIKH, March 15, 2015
A subsidiary of Chile's state oil company Enap will invest $30 million to build a 90 km oil pipeline in Egypt's Western Desert, the country's ambassador told Reuters at an international conference in the Red Sea resort of Sharm El Sheikh.
Jose M De la Cruz said the pipeline would allow the company to extract oil from a new discovery west of Cairo and sell it to the Egyptian government which is facing a severe energy crunch. --Reuters