Egypt Takes Measures to Ramp Up Production Amid Global Oil Price Hikes

Egypt Takes Measures to Ramp Up Production Amid Global Oil Price Hikes

In the nation’s effort to reduce the economic fallout of skyrocketing oil prices, Minister of Petroleum and Mineral Resources Tarek El Molla stressed the importance of increasing crude oil and natural gas production in a meeting to follow up on the sector’s activities in this regard. 

His latest meeting discussed the implementation of plans and efforts to increase production, intensify drilling activities and field development, and expedite placing them on the output map.

During the meeting, El Molla reviewed measures taken by the petroleum sector to expedite field projects and place the country’s hydrocarbon assets on the production map. Pointing to the availability of the required infrastructure and enhanced production facilities, the Minister urged that plans for early production from fields in a number of regions should be promptly executed to increase crude oil production.

El-Molla stressed the importance of full cooperation with foreign partners to speed up the progress of developing fields as well as close coordination with the industry’s major companies in the research and exploration field to face the latest global challenges.


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