production | Egypt Oil & Gas - Part 81
Eni to Start Development of Shorouk Block in January
Development operations in the natural gas field off the country’s Mediterranean coast will start in January 2016, said Lapo Pistelli, V-P of the Italian company, reported Oil Review Africa. The Egyptian ministry had ...
Algeria to Raise Gas Output by 13% by 2019
Algeria plans to increase natural gas output by 13% by 2019 to reverse a decline in energy production in recent years that has hit its export earnings and spending policy, the energy ministry said according to Reuters...
EGAS Chairman: Egypt will Close the Gas Consumption, Production Gap by 2018
In exclusive statements made to Al-Borsa, EGAS Chairman Khaled Abdel Badie, said that Eni’s new discovery will definitely contribute towards balancing Egypt’s gas production and consumption by 2018, once ...
Egypt’s Gas Consumption Rises to 1,765 BCF
Vice Chairman for Operations & Natural Gas Grids told Egypt Oil & Gas (EOG) that natural gas local consumption increased during 2014/2015 to reach 1,765 BCF (average 5,000 MMSCFD). While Egypt’s Natural Gas da...
Libyan Production Levels Out After Attacks and Protests
Libya’s state oil firm, the Arabian Gulf Oil Co (AGOCO), announced that it is now producing at a stable rate of 220,000 b/d, reported Reuters. This is 50,000 b/d lower than from June thanks to the closure of the...
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt reported. T...
Sea Dragon Producing a 1000 Barrels from its Petroamir Concession
Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon, confirmed that the company’s total production in Egypt is currently at 1,000 b/d. In exclusive statements made to Al-Mal newspaper...
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported. Prices for benchmark Brent crude rose nearly 4% on the IC...
