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Tuesday, 27 February 2018

EKH studies investing USD 110 mn in North Sinai gas fields this year

INVESTMENT WATCH- Our friends at Egyptian Kuwait Holdings (EKH) could invest USD 110 mn this year in developing five natural gas wells in North Sinai, the company said in a bourse statement (pdf). Four of the wells the company is studying this year will be in the Camus gas field, and one in the Tao field, the company added. The investment will be through subsidiary NSCO Investments Limited, in which EKH acquired a 99.99% stake last week. The company announced that NSCO had completed development of two wells in the Tao field recently.

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