Tarek El Molla, the Minister of Petroleum, announced that the natural gas grid reached around 4 million housing units during the last five years, reaching a total of 10 million units across Egypt.
Tarek El Mola, the Minister of Petroleum announced that average crude oil production reached 630,000 barrels per day (b/d) and that the petroleum sector aims to reach 690,000 b/d by the end of this fiscal year (FY).
Natural gas production rose to its highest level, reaching about 6.8 billion cubic feet per day (bcf/d).
Minister of Petroleum and Mineral Resources Tarek El Molla confirmed the sector's commitment to enhance the efficiency of the national gas grid.
Minister of Petroleum Tarek El Molla revealed an integrated work plan that is underway to expand the use of natural gas as a primary source of fuel for cars.
Production at the Zohr natural gas mega field surged in H1 2019 to reach a total of 11.3 billion cubic meters, increasing by 3.6 times compared to a year earlier.
Siemens announced that the Egyptian Electricity Transmission Company (EETC)Â has awarded the company a series of five-year grid studies.
The Ministry of Electricity has agreed to pay EGP 1.3 billion per month to the Ministry of Petroleum, in exchange for fuel supplies provided to the power generation plants. It has also paid EGP 35 billion of its arrears.
The government will increase gasoline supplies pumped to the local market during Eid Al-Adha feast, by around 10% to nearly 25 million liters per day.
Prime Minister Mostafa Madbouly held a meeting with the Ministers of Petroleum, Electricity, and Finance to follow up on resolving financial entanglements.
