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AP National Business

Italian energy company says new gas discovered off Egypt

KION
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Published 5:06 AM

ROME (AP) — Italian energy giant Eni has announced what it calls a significant gas discovery offshore of Egypt in the eastern Mediterranean. In a statement, Eni on Sunday said the discovery occurred in the Nargis offshore area concession. Eni said it will further develop the offshore area thanks to a recent award of several exploration blocks. The concession area measures some 1,800 square kilometers (about 700 square miles).

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