Qarun Petroleum to Invest $238 M in 2019/20
The company will drill 25 development wells and 10 exploratory wells in FY 2019/20 and it plans to produce 41,000 barrels per day (b/d).
production | Egypt Oil & Gas - Part 48
Petrobel Allocates $1.2 B for Zohr Development
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.
Egypt to Boost Natural Gas Production by 400 mmscf/d
The output is expected to increase due to the growth of production in Giza and Fayoum fields.
Egypt Consumes 1 M tons of Diesel in January
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 to Double Natural Gas Output in 2020
Egypt is conducting four projects and adding them to production according to plans with total investments estimated at $27.2 billion.
Egypt to Develop 11 Oil and Gas Projects in FY 2019/20
The 11 E&P projects in the oil and gas field will be located in the deep waters of the Mediterranean Sea, the Gulf of Suez, Delta and the Western Desert.
Zohr Produces 12.2 bcm in 2018
The gas field's production increased around four times, reaching 3.1 bcm in the second half of 2018, compared to the first half's output.
Electricity Production Increases by 5.7% YOY in October 2018
Egyptian electricity production increased by 5.7% YOY in October 2018, recording 16.7 MWh compared to 15.8 MWh in October 2017.
Egypt Diesel Consumption Falls 12.54% YOY
Egypt’s diesel consumption fell by 12.54% YOY in October 2018, recording 1.039 million tons down from 1.188 million tons in November 2017.
Petroleum Production Covers 75% of the Market’s Demands
The Egyptian oil and gas sector managed to boost production rates during the second half of 2018 to reach 665,000 b/d of crude oil and condensates, which covers around 75% of the local market's demands.
