NATO rejects media claims alliance unable of quick deploymentWorld October 21, 13:01
Russia has no doubts Iran observes JCPOA - deputy foreign ministerRussian Politics & Diplomacy October 21, 11:04
Monuments to Soviet troops in PolandWorld October 21, 10:57
Putin and Erdogan give positive assessment to joint efforts in Astana processWorld October 21, 3:03
Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
International balance of forces in Syria after Raqqa’s liberation unclear yet — expertMilitary & Defense October 20, 21:05
Russia to resume import of aubergines, pomegranates from Turkey since October 30Business & Economy October 20, 20:18
International station to orbit Moon at 70,000 km distance from EarthScience & Space October 20, 20:09
US indulging in lies to have UN-OPCW mission’s mandate extended — Foreign MinistryRussian Politics & Diplomacy October 20, 19:31
MOSCOW, October 9. /TASS/. Russia’s top oil producer Rosneft has closed the transaction to acquire a 30% stake in the concessions agreement for the development of the Egyptian Zohr field, the largest gas field in the Mediterranean Sea, from Italy's Eni S.p.A., the company reported Monday.
"The cost of Rosneft stake acquisition is $1.125 bln. The company also refunded its share in past project costs to Eni," the report said.
The agreement stipulates a strategic partnership between Rosneft, Eni (60% stake) and BP (10% stake) to develop the largest deepwater gas field offshore Egypt, the company said.
Earlier a source in Rosneft told TASS that it would export gas from the field to the countries of Europe and the Middle East. The issue is about significant production volumes, with "about 9 billion cubic meters of gas being in possession of Rosneft, which is the basic model of development excluding potential additional exploration," the source said.
In the end of 2017, the board of directors of Rosneft approved the purchase of a stake in the project to develop the Shorouk block from Italy’s Eni. The board particularly approved the purchase of a 30% stake in the concession agreement for the Shorouk block in Egypt, and the purchase of a 15% stake in the joint venture established by IEOC Production B.V. and Egyptian Natural Gas Holding Company, which is the operator of the project at the development stage. The total investment of Rosneft in the project may reach $4.5 bln in four years.
Zohr gas field was discovered by Eni at the shelf of Egypt in 2015. The area of the field is 231 square kilometers, its in-place reserves exceed 850 bln cubic meters.