German utility RWE AG (RWE.XE) Monday confirmed another extension of the South Sidi Ghazy-1x gas discovery in the Egyptian Nile river delta.
German utility RWE AG (RWE.XE) Monday confirmed another extension of the
South Sidi Ghazy-1
x gas discovery in the Egyptian Nile river delta.
MAIN FACTS:
-Financial details on the discovery weren't disclosed.
-The start of production from RWE's Disouq project is planned for 2013.
-The Disouq concession was awarded to RWE Dea in July, 2004 and covers an
onshore area of 5,375 square kilometers within the Nile Delta region of
Egypt
.
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