Madbouly: Resumption of Zohr Gas Field Operations Expected to Boost Egypt’s Economy

Madbouly: Resumption of Zohr Gas Field Operations Expected to Boost Egypt’s Economy

Prime Minister Mostafa Madbouly announced that the Zohr gas field is expected to regain its production levels by mid-2025. This development could significantly benefit Egypt by lowering its import bill and stimulating its export sector.

Madbouly’s statement came during his weekly press conference. The Prime Minister explained that the primary issue with the Zohr field was a series of delays in paying dues owed to the Italian company responsible for its management. These payment delays had led to a halt in further investment in the field.

However, Madbouly assured the public that the main drilling rig would be back in service by the end of the year. This would allow the field to return to its previous high levels of productivity.

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Sarah Samir 3750 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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