Merlon El Fayum
Sunday, 17th November 2019
The Energy and Environment Committee of Egypt’s House of Representatives, Chaired by Talaat El Sewedy, approved 11 projects, delegating the Minister of Petroleum and Mineral Resources, Tarek El Molla, to explore for oil in different regions.
Sunday, 7th April 2019
The company agreed with Merlon on the acquisition in exchange of around $136 million in cash, as well as issuing 65,561,041 new ordinary shares of SOCO to Merlon International.