The company is having an ambitious plan to produce around 1 bcf of natural gas and 1.8 million barrels of condensates, boosting the field's production to 3 billion bcf/d after all the phases are completed.
Iraqi crude oil cargoes contribute to the local market's fuel demands, preventing bottlenecks, Tarek El Molla, Minister of Petroleum, noted.
Held under the name 'North Africa and The Mediterranean: Delivering The Energy Needs of Tomorrow.', EGYPS 2019 will be an important window for Egypt to exhibit its opportunities and special capabilities in the oil ...
The output is expected to increase due to the growth of production in Giza and Fayoum fields.
Egypt discusses cooperation with German technological companies to develop petrochemical and refining complexes.
The partnership enhances cooperation in the field of low carbon emission through boosting cooperation in renewable energy and energy efficiency.
Italian Eni has renewed negotiations with the Egyptian Ministry of Electricity and Renewable Energy over establishing 1000 MW solar power plants with investment costs reaching $1 billion.
The IMF board completed the fourth review of Egypt's economic reform program, allowing the fifth tranche to be disbursed to the North African country.
The country produced between 520,000 and 550,000 tons of diesel via all its refineries in January, covering around 50% of the market's consumption.
Egypt is conducting four projects and adding them to production according to plans with total investments estimated at $27.2 billion.
