Naftogaz will develop its assets in Egypt instead of selling them,

Naftogaz will develop its assets in Egypt instead of selling them, reports the company’s press service. Last December, , the state company announced plans to sell off two oil and gas fields near Alam El Shawish to raise $100 million. Naftogaz Chief Andrei Kobolyev said the SBU opposed the deal. Sergiy Pereloma, first deputy head of Naftogaz “The Management Board and Supervisory Board of Naftogaz have set a clear task for us – the development of assets in Egypt.”