Since his appointment last July, Egypt’s oil minister Karim Badawi has talked a good game on improving the country’s investment climate in a bid to halt and potentially reverse a slump in oil and gas output (MEES, 30 August 2024).
In particular, firms have requested, and in many cases received improved terms – most recently Cairo agreed to pay key onshore producer Apache a higher price for new gas output (MEES, 15 November 2024), whilst Dana Gas also secured new and improved terms in a deal finalized last December. (CONTINUED - 1764 WORDS)
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