In August 2018, Qarun Petroleum Co (Qarun) was awarded the East Bahariya Ext.III (Bolt) concession in the Abu Ghardiq Basin, Western Desert.  Qarun Petroleum Co is a JV between the EGPC (50%), Apache Oil Egypt (25.125%), Dana Petroleum (12.5%) and Sinopec IP Corp (12.375%).
Egypt, Qarun (Dev)