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Eni to extend Egypt gas investment by $2bn

CAIRO, March 1, 2016

Italy-based oil and gas giant Eni will invest an additional $2 billion in Egypt’s Zohr natural gas field in the first quarter of 2017, a report said.

Egypt’s government has provided additional land to Eni for storage of its equipment, the Egypt Independent reported, citing a senior government official as telling Al-Masry Al-Youm.

The reserves of the Zohr field are estimated at 30 trillion cu ft of natural gas, the report said.


 




Tags: Egypt | Eni | Zohr gas field |

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