Latest in Tag: Rasheed Highlight
Latest in Tag: Rasheed

Egypt opens 1st phase of “Concentration, Extraction of Black Sand Minerals” in Rasheed
Chinese companies received equipment in return for 30% of raw material for 5 years

Monthly decline in Shell’s production from Borollos, Rasheed fields of 10m cubic feet of gas
Projects produces 240m cubic feet of gas per day: source

Shell cuts Borollos, Rasheed investments to $158.9m in operating expenses
Daily decline rate 10m feet of gas at the company’s concession and there’s no production increase

Shell’s dues increase to $1.1bn in return for its share from El-Borollos, Rasheed gas fields
The government is taking its partner’s share, about $50m per month, and does not pay all of it, claims a source