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«Rosneft» has bought 30% of the rights to the Egyptian field Zohr

Russian energy company Rosneft acquired a 30% of the rights to development was found in 2015 in Egypt gas fields Zohr.

For the right to participate in the development of the company paid to the owner of the field, the Italian company ENI, 1.13 billion dollars.

If the primary message of the Italian company ENI has been said about 849 billion cubic meters of gas, according to updated data, the gas reserves amount to only Zohr 453 billion cubic meters.
For comparison, the gas reserves in Israeli field «Leviathan» amount to 623 billion cubic meters.

Zohr is located close to existing infrastructure Eni in Egypt, which greatly facilitates the work. Thus, according to the government’s decision, all of the gas from the field will be used to support Egyptian demand for energy.

«Rosneft» has bought 30% of the rights to the Egyptian field Zohr 19.10.2017

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