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.