Zohr Production Reaches 2 bcf/d
Natural gas output from Zohr has reached 2 billion cubic feet per day (bcf/d) within the first nine months of production.
Natural gas output from Zohr has reached 2 billion cubic feet per day (bcf/d) within the first nine months of production.
The Ministry of Petroleum has reached an agreement with its partners in the Damietta liquefaction plant to gradually re-open the facility and export natural gas produced from Zohr in 2019.
Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant in 2012.
Eni has announced a new natural gas discovery in Egypt's Western Desert.
Egyptian President Abdel Fattah El-Sisi and Italian Deputy Prime Minister Luigi Di Maio discussed energy sector cooperation during a meeting on August 29.
Prime Minister Mostafa Madbouly discussed Italian oil major Eni's Egyptian investments with company CEO Claudio Descalzi on August 28.
Royal Dutch Shell is discussing pumping 23 million cubic feet (mcf) of gas from its Faramid well in the Western Desert to Eni’s gas processing plant in Obayed.
Foreign direct investment (FDI) in Egypt’s oil and gas sector reached $10 billion in fiscal year (FY) 2017/18, Minister of Petroleum Tarek El Molla told Al Ahram newspaper in an interview published on August 24.
Abu Dhabi National Oil Company (ADNOC) is reportedly looking to sell a minority stake in its refining business, and is in advanced negotiations with multiple potential buyers including Italy’s Eni.
Algerian state-owned firm Sonatrach has signed gas supply deals with Spain and Italy’s Eni.