APRIL 20, 2018 / 3:09 PM
Ron Bousso
- Private equity firm hopes to raise up to $400mln
- Citigroup running process, bids expected by July
LONDON, April 20 (Reuters) - Private equity firm Yorktown Partners is selling its Egyptian-focused oil and gas company Merlon International, hoping to raise up to $400 million, two banking sources told Reuters.
Wednesday, March 15, 2017
Andreas Exarheas
Zohr will start gas production in December, according to an investor presentation held in Milan today by Eni.
The Zohr discovery, which was made in August 2015, is believed to hold 5.5 billion barrels of oil equivalent, according to Eni’s website. A December production commencement date would mark a 2.3 year timespan from discovery to output start-up.
