Egypt’s Oil Ministry and Italy’s Eni were this week putting the final touches to a gas price agreement that will pave the way for a fast-track development of the giant Zohr gas field in the Mediterranean Sea.
Mohamed El-Masry, chairman of state-owned Egyptian General Petroleum Corporation (EGPC), said both sides have been discussing a price of between $4 and $5.88 per million British thermal units for the gas to be sold to the government.
“We
