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Egypt Says BP Gas Project Restarted, Pledges To Pay Gas Firm Debts
[Ynet] AL-ASEEL OIL FIELD - Egypt's oil minister said on Thursday that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades.

In another move that could help improve investor confidence, Sherif Ismail also said Egypt would pay $1.5 billion of the money it owed to foreign energy companies by the end of 2014.
Let us hope it actually works, and they don't skim it so badly nothing is left for the population.

Posted by: trailing wife 2014-06-27
http://www.rantburg.com/poparticle.php?ID=394207