AL-ASEEL OIL FIELD, Egypt June 26 Egypt's oil
minister said on Thursday that BP'S $10 billion natural
gas project in the North Alexandria concession, stalled for the
past three years, had restarted and that production would begin
Sherif Ismail told reporters on a visit to Al-Aseel oil
field that production was expected to begin in 2017, with 450
million cubic feet per day initially being extracted. He said
production would rise to 800 million cubic feet per day in 2018.
BP, one of the largest foreign investors in Egypt, had
initially planned to start production this year, but the date
was pushed back after a delay that paused work for three years,
the minister said.
Ismail said a delegation from BP would arrive on July 17 for
talks with the government.
(Reporting by Abdel Rahman Adel; Writing by Maggie Fick;
editing by Jason Neely)