Naftogaz and EGPC discuss joint project

Naftogaz first deputy CEO Sergiy Pereloma and the CEO of the Egyptian General Petroleum Corporation Abed Ezz El Regal have discussed

Naftogaz first deputy CEO Sergiy Pereloma and the CEO of the Egyptian General Petroleum Corporation Abed Ezz El Regal have discussed the status of the hydrocarbon production project in Alam Еl Shawish East, which is in the Western Desert of Egypt.

The parties discussed the current situation in the global oil market and further steps to implement this project.

Naftogaz counts on the support of its Egyptian partners in this area.

The meeting also addressed the operations of the local Naftogaz branch and the implementation of a concession agreement including the branch's cooperation with tax authorities, production issues with regard to the work program, and payments from the sale of hydrocarbons.

EGPC also reassured Naftogaz of their support in all aspects of the project.

The parties agreed to hold further expert meetings next week.

Communications Department
NJSC Naftogaz of Ukraine



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