18/05/2017Reporting by Angeliki Koutantou; Editing by Karolina Tagaris and David Goodman
ATHENS (Reuters) - Greece will conclude the spin-off of power grid operator ADMIE (ΑΔΜΗΕ) by mid-June, meeting a key term of its third international bailout,ADMIE’s chief executive said on Thursday. Athens and its EU/IMF lenders had agreed that 24 percent of ADMIE, owned by state-controlled utility Public Power Corp, would be sold this year to China’s State Grid Corp and a further 25 percent to a Greek state holding company.
REUTERS, 19/01/2016, By Eric Knecht
CAIRO (Reuters) – Britain’s BP Plc <BP.L> aims to double natural gas production in Egypt in the next four years despite weak oil prices as Egypt’s burgeoning energy market offers hope for its battered economy.
Egypt is on a drive to ramp up oil and gas production – aggressively signing exploration contracts, renegotiating production prices, and lobbying companies to speed up projects even as firms worldwide scale back.
