Energy group DEA plans to speculate practically $500 million in creating its oilfields in Egypt over the subsequent three years, its chief government workplace stated.

“We intend to pump round $500 million over the subsequent three years in Egypt to develop the West Delta, Desouk and the Gulf of Suez fields,” Maria Moraeus Hanssen informed journalists in Cairo on Saturday night.

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The Hamburg-based firm has been concerned in exploration and improvement for oil and gasoline in Egypt since 1974. It is a accomplice of BP within the West Nile Delta gasoline fields.

Source: www.reuters.com

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