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Royal Dutch Shell PLC's Egyptian business will sell a group of upstream assets in the region to a consortium comprising Cheiron Petroleum and Cairn Energy, in a deal that could be worth as much as $926 million, the companies said Tuesday.
Friday, 22 January, 2021 - 08:45 Image used for illustrative purpose. A man works on the rig of an oil drilling pump site in McKenzie County outside of Williston, North Dakota March 12, 2013. REUTERS/Shannon Stapleton Cairo - Asharq Al-Awsat Egypt’s Minister of Petroleum and Mineral Resources Tarek el-Molla inked a new production sharing contract between the state-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) and Shell Egypt to explore for oil and natural gas in the deep waters of the Red Sea. According to the agr...
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