Italian Oil Company Eni invested around $3.5b to $4b in constructing a natural gas processing plant linked to Zohr field with an overall capacity expected to reach to 2.7bcf/d of gas by 2020, reported Al Borsa News. Eni plans to connect around 900mcf/d of gas to the national grid by the end of 2017 or during the first quarter of 2018. The company is currently trying to accelerate the implementation phase of the plant connected to Zohr gas production in order to enable gas receiving and processing in Port Said.
In addition, Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the total investments in Zohr are thus estimated at $12b to start production. Additional investments worth $16b will increase over the lifetime of the project, Daily News Egypt informed.