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New Investments to Upgrade Balaeem Oil Fields in Egypt

Source: www.gulfoilandgas.com 12/2/2012, Location: Africa

Minister of Petroleum Osama Kamel unveiled new investments and more economic cooperation between foreign partners and major Egyptian companies, citing agreements signed for upgrading oil fields and wells in Balaeem petroleum sites.

For his part, Manager of Balaeem Company Alaa Allam disclosed that the total funds allocated for upgrading and prospecting for oil in the FY 2012-2013 hit $1.27 million compared to $ 1.1 million last year

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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