BP moving fast on Egyptian gas

21 Jun 2016   Egypt

British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the Egyptian Natural Gas Holding Co., sanctioned a fast-track scheme to bring 300 million cubic feet of natural gas per day to the domestic Egyptian market from the deepwater Atoll development by the first half of 2018. “BP is proud to progress the acceleration of the Atoll project which will bring critical gas to the Egyptian market,” BP Regional President Hesham Mekawi said in a statement. BP at one time produced almost 40 percent of the oil in Egypt through its regional partnerships and nearly 30 percent […]

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