Egypt: Eni amends concession agreements

Eni on 12 November signed amendments for the Sinai 12 and Abu Madi, North Port Said and Baltim concessions, held through its International Egyptian Oil Company subsidiary in partnership with BP, and signed a new concession agreement for the Ashrafi licence in partnership with Engie. The agreements will lead to investment of more than $2bn over the next four years, and will help meet growing local energy demand, Eni said.