Egypt’s Gas Reserves Increase by 33.3% since 2015

• Monday, 29th October 2018
• by Sarah Samir

Egypt’s natural gas reserves increased by 33.3% reaching around 90 trillion cubic feet (Tcf), compared to 60 Tcf in 2015, as the country added new natural gas fields, including Zohr and Atoll, to production.

Egypt’s Fuel Consumption Reaches 91m tons in 2016

• Tuesday, 20th June 2017
• by Sarah Samir

Egypt’s consumption of various energy resources rose 4.7%.

Egypt Seeks 2m tons of Fuel to Fill Gap

• Wednesday, 15th March 2017
• by Sarah Samir

Egypt needs around 2m tons of fuel annually to fill the gap between supply and demand.

Iran Discovered Its First Shale Oil

• Monday, 20th February 2017
• by Editorial Team

Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.

Saudi Aramco’s Oil Reserves Reach 261b Barrels

• Sunday, 29th January 2017
• by Editorial Team

The external audit of the oil reserves of Saudi Aramco ahead of its planned IPO has confirmed that Saudi Arabia’s oil giant has more than 261b barrels of reserves.

Mexico’s Proven Oil and Gas Reserves Fell 21% in 2015

• Sunday, 3rd April 2016
• by Egypt Oil & Gas

Mexico’s proven oil and gas reserves dropped 21.3 percent in 2015, the oil regulator said, as the state-run oil company, Pemex, cut back on investment because of plunging crude prices.

Congo Orders Oil, Mining Companies to Pay Taxes in US Dollars

• Wednesday, 23rd March 2016
• by Egypt Oil & Gas

In attempt to increase foreign currency reserves, Democratic Republic of Congo ordered mining and oil firms to pay taxes and import duties in US dollars rather than in the national currency, the Central Bank of Congo ...

Russia Cuts Oil Reserves Estimates 50% to Last Until 2044

• Sunday, 20th March 2016
• by Egypt Oil & Gas

Russia will run out of oil by 2044, with production beginning to decline in 2020, according to the Minister of Natural Resources and Environment. According to experts, the volume of proved reserves was cut by 50%, wh ...

Correction: Egypt to Produce 26 Tcf from Zohr

• Sunday, 24th January 2016
• by Egypt Oil & Gas

Eni's mega gas discovery in Egypt's Mediterranean area, Zohr, is expected to produce 26 tcf.

Algeria Energy Earnings to Fall by 50% This Year

• Monday, 23rd November 2015
• by Egypt Oil & Gas

Algeria’s energy earnings are forecast to fall to $26.4b next year while foreign exchange reserves will dip to $121b after low oil prices cut into the Opec nation’s economy.