Egypt | Egypt Oil & Gas - Part 331

Electricity Demand for Gas and Mazut Eases

The Egyptian Ministry of Electricity and Renewable Resources announced that electricity demand has stabilized due to lower temperatures, uninterrupted production, and a continuous supply of fuel.

Petronas VP: Egypt is Country of Interest for IOCs

The vice president of Petronas, Adnan Zainal Abidin, met with Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla to discuss the company’s projects in Egypt and its future plans.

Phase II of DEA’s West Delta to begin 2018

Minister of Petroleum and Mineral Resources Tarek El Molla praised the work of the German DEA Group in Egypt.

Zohr Development Reaches 83.5%

Development at the Zohr gas field has reached 83.5%.

El Molla Issues New Promotions

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced a slate of appointments and promotions.

Gas-Powered Plants Increase Electricity Output by 22%

Electricity production from gas-powered plants increased by approximately 2,597 gigawatts (GW) per hour to reach 14,409 GW per hour during July.

Petrobel Exceeds Gas Production Target

Belayim Petroleum Company (Petrobel) has exceeded its production target for gas by 30% during the current fiscal year.

Agiba Petroleum Increases Production, Reserves

The head of Agiba Petroleum, Alaa El Batal, reported that the company increased both reserves and production during fiscal year (FY) 2016/2017.

Petrojet Supplies 50-Ton Pressure Vessel for BP’s West Delta

Petrojet completed the manufacture of a 50-ton pressure vessel for the development project at the West Delta gas field.

GUPCO, Pharaonic Report on Production, Exploration

Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla reviewed the annual production and activity of Gulf of Suez Petroleum Company (GUPCO) and Pharaonic Petroleum Company for fiscal year (FY) 2016/2017.

Page 331 of 459

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