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Posts on ‘October 21st, 2019’

Shell Egypt to sell assets in Western Desert

OCTOBER 20, 2019 / 11:55 AM

Shell Egypt to sell assets in Western Desert

CAIRO, Oct 20 (Reuters) – Royal Dutch Shell plans to sell its onshore upstream assets in Egypt’s Western Desert to focus on expanding its Egyptian offshore gas exploration, Shell Egypt said on Sunday.

Having won three oil and two gas concessions in Egypt last February, senior executive last week told Reuters that the company would start operating the new areas in the second half of next year.

“We remain committed to Egypt and see our future in supporting the government’s energy hub vision by growing Shell positions across the offshore and LNG value chain,” Wael Sawan, Shell upstream director, said in a statement. read more

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