LONDON, Nov. 28 (UPI) -- British energy company BP said it was strengthening its position in the Egyptian oil and gas market by buying a minority stake in an offshore natural gas field.
Subject to approval from the Egyptian government, BP said it spent $375 million to take a 10 percent concession in the Shorouk complex from Italian energy company Eni. The Zohr gas field, the largest discovery made in the Mediterranean Sea, is within the area in question.