Egypt to Be a Must-Have Petroleum Investment Destination
Petroleum Intelligence Weekly announced Egypt to be a must-have petroleum investment destination for IOCs due to the Zohr giant gas discovery made by Eni in 2015.
Petroleum Intelligence Weekly announced Egypt to be a must-have petroleum investment destination for IOCs due to the Zohr giant gas discovery made by Eni in 2015.
The main reason behind this upsurge is the infrastructure prices increase and the construction of a central station and weight control room.
Two seismic surveys in the Red Sea and southern Egypt have been carried out, which encourages the MoP to submit tenders to IOCs and promote exploration and production E&P in the region.
The Egyptian Ministry of Electricity could provide up to 40 megawatts to Sudan
The protocol comes within the framework of the Human Development Program initiative, which is a part of the MoP's Modernization project that aims at training human resources and boosting their efficiency.
The company will commence a pilot operation of the projects, one by one starting March 2019
Egyptian natural gas output has reached 6.8 bcf/d upon adding production from the West Nile Delta project phase 2 as well as other projects.
Misr Petroleum sells around 15 million liters of diesel and 6 million liters of 80-octane gasoline every day
CIB is arranging the $80 million loan for ERC to fund the general capital.
The company exports its product to Middle Eastern and North African countries, as well as some countries in Asia and South America.