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Modified the contract to develop the gas field Saybah
5/20/2017 0:00
Adjusted Basra oil company, a contract to develop gas field in southern Siba actually includes the province , including allowing the entry of the Egyptian General Petroleum Corporation as a partner in the development of the field.
The company said the media in a statement: Basra Oil Company (former southern) signed an additional amendment to the contract for the development Saybah gas field, and requires the amendment join the Egyptian General Petroleum Corporation as a partner in the development of the field operations by 15 percent, and is the ratio of the share of the company Kuwait Energy amounting to 45 percent Before the amendment.
He added that the accession of the Egyptian General Petroleum Corporation came from the right contractor President (Kuwait Energy) to waive part of its stake to another partner sees fit, especially as the new partner has full financial and technical position to do so to perpetuate the contract.
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5/20/2017 0:00
Adjusted Basra oil company, a contract to develop gas field in southern Siba actually includes the province , including allowing the entry of the Egyptian General Petroleum Corporation as a partner in the development of the field.
The company said the media in a statement: Basra Oil Company (former southern) signed an additional amendment to the contract for the development Saybah gas field, and requires the amendment join the Egyptian General Petroleum Corporation as a partner in the development of the field operations by 15 percent, and is the ratio of the share of the company Kuwait Energy amounting to 45 percent Before the amendment.
He added that the accession of the Egyptian General Petroleum Corporation came from the right contractor President (Kuwait Energy) to waive part of its stake to another partner sees fit, especially as the new partner has full financial and technical position to do so to perpetuate the contract.
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