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RWE Confirms Extension of Egyptian Gas Discovery

RWE Confirms Extension of Egyptian Gas Discovery
dj
Δευ, 8 Οκτωβρίου 2012 - 17:37
German utility RWE AG (RWE.XE) Monday confirmed another extension of the South Sidi Ghazy-1x gas discovery in the Egyptian Nile river delta.
German utility RWE AG (RWE.XE) Monday confirmed another extension of the South Sidi Ghazy-1 x gas discovery in the Egyptian Nile river delta.

MAIN FACTS:

-Financial details on the discovery weren't disclosed.

-The start of production from RWE's Disouq project is planned for 2013.

-The Disouq concession was awarded to RWE Dea in July, 2004 and covers an onshore area of 5,375 square kilometers within the Nile Delta region of Egypt .
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