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

Friday, August 21, 2020

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.”

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