20°C / 22°C
  • Tue
  • 27°C
  • 16°C
  • Wed
  • 23°C
  • 15°C
  • Thu
  • 23°C
  • 14°C
  • Fri
  • 20°C
  • 11°C
  • Sat
  • 22°C
  • 10°C
  • Sun
  • 25°C
  • 11°C
  • Tue
  • 21°C
  • 14°C
  • Wed
  • 22°C
  • 16°C
  • Thu
  • 24°C
  • 16°C
  • Fri
  • 21°C
  • 15°C
  • Sat
  • 22°C
  • 17°C
  • Sun
  • 20°C
  • 14°C
  • Tue
  • 31°C
  • 17°C
  • Wed
  • 23°C
  • 16°C
  • Thu
  • 24°C
  • 16°C
  • Fri
  • 24°C
  • 14°C
  • Sat
  • 25°C
  • 13°C
  • Sun
  • 26°C
  • 13°C
  • Tue
  • 30°C
  • 17°C
  • Wed
  • 26°C
  • 16°C
  • Thu
  • 25°C
  • 16°C
  • Fri
  • 22°C
  • 12°C
  • Sat
  • 22°C
  • 11°C
  • Sun
  • 25°C
  • 11°C
  • Tue
  • 21°C
  • 19°C
  • Wed
  • 25°C
  • 20°C
  • Thu
  • 26°C
  • 21°C
  • Fri
  • 24°C
  • 20°C
  • Sat
  • 22°C
  • 20°C
  • Sun
  • 23°C
  • 19°C
  • Tue
  • 22°C
  • 17°C
  • Wed
  • 21°C
  • 17°C
  • Thu
  • 19°C
  • 16°C
  • Fri
  • 23°C
  • 15°C
  • Sat
  • 21°C
  • 14°C
  • Sun
  • 21°C
  • 16°C
  • Tue
  • 21°C
  • 13°C
  • Wed
  • 23°C
  • 15°C
  • Thu
  • 24°C
  • 15°C
  • Fri
  • 23°C
  • 13°C
  • Sat
  • 29°C
  • 15°C
  • Sun
  • 27°C
  • 14°C
  • Tue
  • 19°C
  • 14°C
  • Wed
  • 21°C
  • 16°C
  • Thu
  • 22°C
  • 15°C
  • Fri
  • 19°C
  • 14°C
  • Sat
  • 22°C
  • 17°C
  • Sun
  • 20°C
  • 13°C
  • Tue
  • 30°C
  • 18°C
  • Wed
  • 26°C
  • 18°C
  • Thu
  • 25°C
  • 17°C
  • Fri
  • 22°C
  • 14°C
  • Sat
  • 27°C
  • 12°C
  • Sun
  • 28°C
  • 13°C
  • Tue
  • 32°C
  • 14°C
  • Wed
  • 30°C
  • 15°C
  • Thu
  • 32°C
  • 15°C
  • Fri
  • 24°C
  • 12°C
  • Sat
  • 25°C
  • 11°C
  • Sun
  • 29°C
  • 12°C
  • Tue
  • 28°C
  • 14°C
  • Wed
  • 21°C
  • 17°C
  • Thu
  • 25°C
  • 17°C
  • Fri
  • 22°C
  • 17°C
  • Sat
  • 26°C
  • 15°C
  • Sun
  • 27°C
  • 14°C
  • Tue
  • 23°C
  • 14°C
  • Wed
  • 20°C
  • 16°C
  • Thu
  • 18°C
  • 14°C
  • Fri
  • 22°C
  • 14°C
  • Sat
  • 21°C
  • 15°C
  • Sun
  • 21°C
  • 14°C

Shell Egypt to sell assets in Western Desert

Having won three oil and two gas concessions in Egypt last February, senior executive last week told Reuters that the company would start operating the new areas in the second half of next year.

FILE: Shell Egypt Chairman Khaled Kacem said that he expects talks with potential buyers of the Western Desert assets to start in the final quarter of this year. Picture: www.shell.com

CAIRO - Royal Dutch Shell plans to sell its onshore upstream assets in Egypt’s Western Desert to focus on expanding its Egyptian offshore gas exploration, Shell Egypt said on Sunday.

Having won three oil and two gas concessions in Egypt last February, senior executive last week told Reuters that the company would start operating the new areas in the second half of next year.

“We remain committed to Egypt and see our future in supporting the government’s energy hub vision by growing Shell positions across the offshore and LNG value chain,” Wael Sawan, Shell upstream director, said in a statement.

“This is where we can best leverage our expertise, deliver the strongest added value to Egypt and optimise our portfolio to ensure the company delivers a world class investment case.”

Shell Egypt Chairman Khaled Kacem said that he expects talks with potential buyers of the Western Desert assets to start in the final quarter of this year.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus