Naftogaz has invested about $580 million in the production of concession oil and gas in Egypt over the last 15 years,

Serhiy Pereloma, the company’s first deputy board chairman, writes on Facebook. In a joint venture with Egyptian General Petroleum Corporation, Naftogaz has been exploring and producting in Egypt’s southern, eastern and western deserts. Last year, Egypt accounted for only $7 million of Naftogaz revenues.