Egypt to Implement 12 New Gas Projects

Egypt to Implement 12 New Gas Projects

Egypt will implement 12 new gas-development projects over the next four years, the Minister of Petroleum and Natural Resources, Tarek El Molla, told Daily News Egypt.

The projects are estimated to cost $17.5 billion. El Molla also said that Egypt will complete eight refining projects during the same time period at a cost of $3.8 billion.

Continued development at the Zohr, North Alexandria, and Noroos fields will raise Egypt’s domestic production by 50% in 2018, he said, adding that Egypt should reach self-sufficiency in natural gas by the end of 2018. By 2020, he noted, Egypt’s production of natural gas should rise by 100%.

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Sarah Samir 3515 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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