Japan's AOC Holdings has said it will delay until May 2012 plans to start commercial crude oil output from Egypt's offshore Northwest October block in the northern Gulf of Suez, Reuters has reported. AOC, the parent of oil and gas development unit Arabian Oil Co, has a 50% stake in the block and state-owned Egyptian General Petroleum Corp holds the remainder. Production from the block had previously been slated for later in 2010.
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time for MGS package revised prices
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.