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RWE’s contract in Gulf of Suez concession ends in July 2017; no request for renewal
German energy giant RWE has posted better-than-expected earnings for the first quarter of the year. But the utility continues to grapple with slumping electricity prices and the nation’s gradual exit from nuclear power.
Fines to be imposed on BP and WRE DEA if linking wells to production is delayed
Winner of the RWE bid is the second richest man in Russia
The contract was signed with RWE and Dove Energy oil companies with a minimum of $22.5m in investments