Egypt Supplies 15.6 M Tons of Petroleum Products in 6 Months
Investments in the oil and gas sector's E&P recorded $2.6 billion, the report noted, revealing that exploration and development in the South Valley recorded $4.7 million.
Investments in the oil and gas sector's E&P recorded $2.6 billion, the report noted, revealing that exploration and development in the South Valley recorded $4.7 million.
Private sector companies stopped applying for natural gas import licenses as Egypt’s natural gas production grew to 6.8 bcf/d achieving self-sufficiency with surplus of exports.
Oman’s natural gas production level is expected to exceed the country's oil level by 2030 because of the sultanate’s gas field developments.
Royal Dutch Shell natural gas production from Burullus and Rashid fields declined by 37.5%, reaching 250 mmscf/d compared to 400 mmscf/d a year ago due to the natural decline of wells.
Egyptian natural gas exports to Jordan reached 350 mmscf/d compared to 100 mmscf/d in January 2019.
Seismic surveys showed that offshore North Sinai concession has 2.352 tcf of natural gas and 112 million barrels of condensates.
Egypt’s natural gas output increased by 20.99% YOY, reaching 4.178 million tons in December 2018, up from the 3.453 million tons produced in December 2017.
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.
The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline
ACWA Power and the Ministry of Petroleum and Mineral Resources agreed to pay $90 million to deliver natural gas through a pipeline connected to the company's electric power plant in Luxor.