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Wednesday, 18 March 2020

Eni is investing USD 60 mn more in Egypt

INVESTMENT WATCH- Eni is tacking on an additional USD 60 mn for its planned investments in Egypt’s Agiba: Italy’s Eni is planning to invest USD 60 mn more than was initially planned this year in its JV Agiba to increase exploration and development operations in the Western Desert and the Gulf of Suez this year, the local press reported, citing unnamed sources. The JV's budget was USD 370 mn but will be increasing to USD 430 mn.

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