Cairo eases terms for oil firms in attempt to secure upstream investment

In depth
Issue 450 - 17 Nov 2021 - By John Hamilton | 4 minute read

Companies including Apache and Transglobe are being allowed to merge multiple concessions into larger entities in a bid to cut costs. A sharp decline in crude production has driven the Egyptian authorities to take steps to fix long-standing problems which make it impossible for many mature oil concessions to operate profitably. International oil companies (IOCs) are expected to benefit from the anticipated improved terms and greater efficiencies, writes John Hamilton

Tagged with:

Pin Resources

Pin Egypt

Want to read more?

Large article


(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map