EU says Ethiopia fighting destabilising region, urges ceasefire    UAE's ADGM to sign MOU with Israel's securities authority on fintech    Russia says it thwarted Islamic State attacks in Moscow region, detains one: RIA    Youthful Barca take care of Dynamo to seal knockout place    PSG revive Champions League chances with Neymar penalty    Cairo collision    Akhenaten performance at the Cairo Opera House is a must go    An advisory chamber    GERD: A point of order?    Leapfrogging the transport network    Golden opportunities    Keeping up with Covid-19    Steps towards Pan-Africanism    The Egyptian Oedipus    In their footsteps    Sarwa Capital participates in The Egypt Entrepreneurship Summit in Aswan    Cairo International Book Fair suspended for five months over coronavirus concerns    Egyptian Exchange leads COMESA in attracting foreign investments    Orascom-Mitsubishi consortium signs $800m contract for Cairo Metro Line 4    Japan can host Olympics despite virus spike: Tokyo governor    Ethiopia says 'large number' of Tigrayan fighters surrender    AstraZeneca novel COVID-19 vaccine can be 90% effective, results show    Polling stations open at home for 1st stage of Egyptian parliamentary run-offs    Egypt confirms 358 new coronavirus cases, 14 deaths on Saturday    G20 to discuss post-pandemic world, back debt relief    US will reduce number of its troop in Iraq, Afghanistan    Asia forms world's biggest trade bloc, a China-backed group excluding U.S    Egypt unveils largest archaeological discovery in 2020 with over 100 intact sarcophagi    Palestinians mourn the loss their longtime spokesman, Saeb Erekat    Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia    1st stage of Egypt's parliamentary elections kicks off on Saturday    Global Finance: Egypt's Tarek Amer among the world's top 20 central bank governors    Legend footballer Lionel Messi says he is forced to stay with Barcelona    Egypt, Ethiopia, Sudan to resume Nile dam talks today    Iraqi conglomerate eyes developing land that housed Mubarak-era ruling party HQ    Legend Messi officially wants to leave Barcelona, hands transfer request    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Shell Egypt to sell assets in Western Desert to focus on offshore exploration
Published in Ahram Online on 20 - 10 - 2019

Royal Dutch Shell plans to sell its onshore upstream assets in Egypt's Western Desert to focus on expanding its Egyptian offshore gas exploration, Shell Egypt said on Sunday.
Having won three oil and two gas concessions in Egypt last February, senior executive last week told Reuters that the company would start operating the new areas in the second half of next year.
“We remain committed to Egypt and see our future in supporting the government's energy hub vision by growing Shell positions across the offshore and LNG value chain,” Wael Sawan, Shell upstream director, said in a statement.
“This is where we can best leverage our expertise, deliver the strongest added value to Egypt and optimise our portfolio to ensure the company delivers a world class investment case.”
Shell Egypt Chairman Khaled Kacem said that he expects talks with potential buyers of the Western Desert assets to start in the final quarter of this year.


Clic here to read the story from its source.