Egypt is the 11th country in gas flaring worldwide, Program Manager-Global Gas Flaring Reduction Patnership at the World Bank, Bjorn Hamso said, Egypt Oil & Gas reports.
He further added that Egypt jumped from the 9th to the 11th place.
“Egypt is the last country to join the 2030 initiative,” Hamso noted. The zero routine flaring initiative taken by the World Bank Group aims at brings together oil companies, development institutions, and governments who acknowledge that the flaring situation is unsustainable from an environmental perspective and resource management, and who agree to work together in order to end routine flaring no later than 2030.
Hamso’s words came during his speech in the workshop organized by the Egyptian Ministry of Petroleum and Mineral Resources, in cooperation with the world bank, and entitled ‘ Ending Routine Flaring of Associated Gas in Egypt’. The event is attended by Eric Rasmussen, Director and Head of Natural Resources at the European Bank for Reconstruction and Development (EBRD); Fred Beelitz, Managing Director of Economic Consulting Associates; Adil Hanif, Principal Banker (Policy), Energy & Natural Resources at EBRD; and major industry leaders.