BP to Boost Production from Giza, Fayoum Fields to 700 mmscf/d
BP plans to add 300 million standard cubic feet per day (mmscf/d) from Giza and Fayoum natural gas fields to production.
BP plans to add 300 million standard cubic feet per day (mmscf/d) from Giza and Fayoum natural gas fields to production.
The company transports 3,000 tons per day of butane, recording around 63% of the total transported amounts across Egypt.
The company further earned $7.6 million from fueling ships in the ports of Safaga, Hurghada, Nuweiba, Sharm El Sheikh, El Hamrawein, and Abu Tartur.
Electricity generated from renewable resource in Egypt increased by 24.9% year-on-year (YOY), recording 2,780 GWh in FY 2016/17.
The company produced 5 million tons of different high quality petroleum products that meet global standards.
The company further revealed that it has appointed Erik Vollebregt as Executive Chairman of Scimitar Production Egypt. Previously, Vollebregt had served as the Commercial and Finance Director of Shell Nigeria.
Benban Solar Park will cover around 37 km2 of desert with solar panels in 2019, providing around 1.8 Gigawatt (GW) of electricity.
The Egyptian Ministry of Petroleum plans to allocate $1.5 billion over four years to expand the petrochemical industry through four new petrochemical projects.
The vessels include 24 AHTs, 24 OSV, 16 complementary vessels including tugs, mooring boats, and crew boats, as well as seven CSV including DSV and MPSV.
Ethydco achieved targeted production last year, covering local demand and increasing exports.