Egypt Oil & Gas: The Mediterranean gas group Energean said it could reduce its budget in Egypt by $140 million if needed without affecting its long-term agreements to face the economic consequences of coronavirus outbreak, Reuters reported.
This came at the time in which all the international oil and gas companies (IOCs) are cutting spending plans in response to coronavirus and a push by Saudi Arabia and Russia to increase their output.
The company said also it would cut its investments in Greece and Israel by $155.
