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Tag: Yorktown Partners
Merlon Fayum

Merlon JV Petrosilah to invest $55 million in oil exploration in Egypt

Posted: April 26, 2018 at 4:52 pm   /   Oil & Gas

Petrosilah Petroleum Company plans to invest about $55 million in oil exploration and discovery in its concession areas in Egypt during the fiscal year 2018/2019, chairman and managing director Taher Abdel Rehem said. The firm raised its production of crude oil by 1,000 barrels during last week, bringing its daily output capacity to 7,000 barrels […]

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Yorktown to sell its Egypt oil & gas business Merlon

Posted: April 22, 2018 at 5:06 pm   /   Oil & Gas

Private equity firm hopes to raise up to $400 million. Citigroup running process, bids expected by July. Private equity firm Yorktown Partners is selling its Egyptian-focused oil and gas company Merlon International, hoping to raise up to $400 million, two banking sources told Reuters. The process is being run by Citigroup and bids are expected to be […]

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