Hitherto-unreported, last September EGPC was conferred sole rights to oversee devt ops in the Ras Fanar lease, offshore Gulf of Suez Basin, following RWEâs withdrawal. Until then, the 32-sq km lease had been run by Suco (EGPC-RWE 50:50 JV). 
EGPC was conferred sole rights to oversee devt ops in the Ras Fanar lease, offshore Gulf of Suez Basin, following RWEâs withdrawal. 