production | Egypt Oil & Gas - Part 62

SDX to Increase Natural Gas Gross Production from Morocco

SDX Energy Incorporation announced plans to increase its natural gas gross production from Morocco to reach between 8 and 10 million standard cubic feet per day (mscf/d) by the end of 2018.

Iran’s West Karoun Oil Output Doubles in 2017

Iranian oil output from its West Karoun oilfields reached 305,000 b/d in the Iranian month of Dey, compared to 161,000 b/d during the same period this year.

Egypt’s Natural Gas Production Increases by 14% Y.o.Y

The Egyptian natural gas production increased by around 14.11% year-on-year (Y.o.Y.), rising to 3.12 million tons in November 2017, compared to 2.734 million tons in November 2016.

Ganope’s Production Plan to Reach 8.9 M Barrels

South Valley Egyptian Petroleum Holding Company (Ganope) plans to produce 8.9 million barrels of oil during FY 2018/2019.

Electricity Exports Reach 747 GWH in 2015/2016

Egypt’s electricity exports reached 747 GWH during FY 2015/2016, while electricity imports recorded 54 GWH in the same FY, declining by 69.8% from the 179 GWH imports in 2002/2003.

GPC to Drill 18 Wells in 2018/2019

The General Petroleum Company (GPC) plans to drill 5 exploratory wells and 13 development wells, as well as maintain and complete 27 wells during FY 2018/2019.

Egypt is the 3rd Arab Country in Gas Consumption

Egypt has recorded the third place among Arab natural gas consuming countries, as it consumes 11.8% of the Arab natural gas total consumption.

Iraq to Boost Oil Output Capacity to 5 mb/d

Iraq’s oil output capacity is coming close to 5 million b/d. Yet, the OPEC member will comply with the global supply cut pact.

Rashpetco Natural Gas Production Hits 486 mscf/d in H1

Rashid Petroleum Company/Burullus Gas Company (Rashpetco) has achieved its production target for the first half of fiscal year (FY) 2017/2018, reaching 684 mscf/d of natural gas.

Petrogas to Pump 26 M Butane Cylinders/Month

Petrogas Company plans to pump 26 million butane cylinder per month into the Egyptian markets starting June 2018, Petrogas’ Head, Adel Al Shuwaikh, stated.

Page 62 of 81

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