Independent Resources and Nostra Terra Company said that their joint venture (JV) in Egypt, Sahara Resources GOS Incorporation, was officially issued with a commercial registration and tax ID.
A committee from the Egyptian Ministries of Electricity and Environment will present to the Egyptian Cabinet a proposal to increase power purchasing tariffs for producing electricity from biofuel.
Shell has sustained its investments in Egypt through the past period, and is currently in early stages of evaluating WDDM results for future exploration prospects.