Egypt’s EGPC gets 20% of Siba Oilfield

By John Lee.

Kuwait Energy (KEC) has reportedly signed a farm-out agreement giving Egypt General Petroleum Corporation (EGPC) a 20 percent participating interest for Iraq’s Siba oilfield.

According to Reuters, the agreement is subject to Iraqi regulatory approval.

Kuwait Energy has not published any information about the deal on its website.

The two companies are already partners in the Block 9 concession.

(Source: Reuters)

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