ENI, which has been operating in Egypt since 1954 through its subsidiary International Egyptian Oil Company (IEOC), owns a 56 per cent working interest in the Meleiha Concession, with Russia's Lukoil holding a 24 percent stake and Japan's Mitsui owning 20 percent. In Egypt's Western Desert ENI already produces about 36,000 bpd in five different development licenses.And, unlike Egypt’s eastern neighbour Saudi Arabia, which has been nervous about the implications of the Egyptian revolution, Qatar, which was always more enthusiastic about Egypt's political changes, is focusing more on private-sector investment there, most notably when earlier his month, Qatar Petroleum engaged in “serious” talks about investing in an Egyptian oil-refinery project.