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Thursday, 2 March 2017

Naftogaz considering selling Egyptian assets

Ukrainian oil and gas company Naftogaz Ukrainy is considering selling its Egyptian assets. Naftogaz “intends to attract an investment and banking advisor who will assess how much the company can receive from sale of its assets in Egypt,” Commercial Director Yuriy Vitrenko said, according to Interfax. “He said if the assessment exceeds the company’s expectations Naftogaz would raise the issue of selling its Egyptian assets at the meetings of the supervisory board and government.” Naftogaz has rights to two oil and gas blocks in the Eastern Desert: South Wadi El Mahareeth and Wadi El Mahareeth.

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