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LUKOY PJSC Lukoil (CE)

6.96
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
PJSC Lukoil (CE) USOTC:LUKOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 6.96 0.00 01:00:00

Eni Agrees to Merger of Meleiha and Meleiha Deep Concessions in Egypt

15/06/2021 12:09pm

Dow Jones News


PJSC Lukoil (CE) (USOTC:LUKOY)
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By Giulia Petroni

 

Eni SpA said Tuesday that it has signed an agreement with the Egyptian General Petroleum Corporation and Lukoil PJSC for the merger of two concessions in the country's western desert.

The Italian oil-and-gas major said the concessions of Meleiha and Meleiha Deep will be merged and extended to 2036, with the possibility of a further stretch to 2041.

The new concession, called Merged Meleiha, will be operated by Agiba--the joint venture between Eni's subsidiary IEOC Production BV and the Egyptian General Petroleum Corporation. IEOC holds a 76% interest in the concession, while Russia's Lukoil holds the remaining 24%.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

June 15, 2021 07:09 ET (11:09 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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