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Country-Plan Tenders |
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5056 Subject |
شركة استكشاف ايطالية تبدأ قريبا بالبحث في منطقة الريان بالفيوم Edison Co. of Italy to soon get a concession for oil & gas exploration & exploitation at Wadi El Rayyan zone in Fayyoum. |
| Date Published | Thursday, December 25, 2003 |
| Source Name | Al-Ahram |
| Location Name | Fayyoum |
| Description | Edison Co. of Italy to soon get a concession for oil & gas exploration & exploitation at Wadi El Rayyan zone in Fayyoum. That was announced by Egypt Minister of Petroleum, Eng. Sameh Fahmy, after his meeting with both old Edison Manager in Egypt, Mr. Igor Fabian & new Edison Manager, Eng. Ibrahim Al Essawi. New concession provides for drilling several wells in Wadi El Rayyan under $ 10 million investments. [ Should the company hit any economic petroleum find in that area, it would positively reflect on rural & urban development plans in Fayyoum & possibly in Beni Swef ] N.B. Worth indicating is that Eng. Essawi is ex Chairman of Petrobel & ELNG – Egyptian Liquefied Natural Gas. |
| Sectors Section | Beneficiary Sectors - Petroleum - Oil, Gas & Petrochemicals Production |