Egypt’s Crude Oil Production to Increase 50,000 b/d YOY
Crude oil production is targeted to reach approximately 710,000 barrels per day (b/d) by June 2020, up from 650,000 - 660,000 in H1 2019.
News / Egypt
Petroleum Sector Signs Agreement to Push for Bi-Fuel Vehicles
The petroleum sector and the National Service Project Organization (NSPO) signed a cooperation agreement to introduce more bi-fuel cars into the market.
Raven Gas Field to Produce Up To 900 mcf/d
The petroleum sector initiates the production in Raven Gas Field in North Alexandria concession next September, with an estimated maximum gas production capacity between 850 and 900 million cubic feet per day (cf/d).
Zohr Production Reaches 2.7 bcf/d
Tarek El Molla, the Minister of Petroleum, announced that the production capacity of Zohr gas field has raised to 2.7 billion cubic feet per day (bcf/d), five months before the scheduled date.
EGPC to Launch Oil, Gas Exploration Tender End of Year
The tender is expected to include from eight to 12 concession blocks, including areas in the Western Desert, the Gulf of Suez, and the Eastern Desert, where crude oil is expected be found.
KNOC to Boost Investments in Egypt
The Korea National Oil Corporation (KNOC) Chairman, Suyeong Yang stated that the company aims to expand its investments in Egypt to strengthen the bilateral relationship between the two countries, as well as for the active investments’ atmosphere in Egypt.
El Sewedy Electric Begins Commercial Operations in PV Power Plants
The projects’ capacity is 130 megawatt peak (MWp), with estimated annual 290-gigawatt per hour (GWh) of electricity produced by both projects, which will power more than 140,000 households while avoiding more than 120,000 tons of carbon dioxide a year.
ACWA Power Reviews Three Bids for Luxor Power Plant
ACWA Power is comparing three bids from Siemens, General Electric, and Mitsubishi Electric to supply production units for its 2.25 gigawatt (GW) Luxor power plant.
Egypt Adds 19 New Gas Stations
The Egyptian international gas technology company (Gastec) announced that 19 natural gas stations have been established in Cairo to maintain and convert vehicles into gas-powered ones.
Prepaid Gas Meters Boom Across Different Governorates
The Ministry of Petroleum announced that they will install and activate 20,000 prepaid gas meters by H2 2019 in trial operations in Bashayer Al Khair 2 project in Alexandria and Al Asmarat neighborhood in Cairo.
