Eni and BP Target Egypt Gas Decision

Eni and BP are working toward a final investment decision for Egypt's Denise West gas field in the coming months. First gas production could arrive in under two years following discussions in Cairo.

Xurve View
Insights:
FILE PHOTO: Eni logo is seen at the Milan's stock exchange during the "Eni Investor Day", Milan, Italy, April 4, 2016. REUTERS/Stefano Rellandini/File Photo

ENI SPA and BP PLC plan to reach a final investment decision on the Denise West gas field in Egypt within months. First production from the offshore discovery could arrive in less than two years. The move accelerates energy development across Italy and its Mediterranean partners.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.