Edison pays $1.405bn for Abu Qir gas

Issue 152 - 12 Dec 2008 | 1 minute read

Edison International has won a tender to take over the offshore Abu Qir gas fields after agreeing to pay a signature bonus of $1.405bn. The Italian company said it had signed a 20-year concession agreement with Egyptian General Petroleum Corporation (EGPC) following an international tender in which 13 companies submitted offers.

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