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

Gulf of Suez Petroleum Co. (GUPCO) announced its success in breaking the company’s all time production record, by increasing its levels to 84,000 b/d of oil and 2,300 b/d of condensates. In addition the company also generates around 650 tons of butane per day, reported Egypt Oil & Gas.

Abu Bakr Ibrahim, Chairman of Ganope, told Egypt Oil & Gas that a memorandum of understanding (MoU) has been signed by Ganope, as a representative of Petroleum Ministry and New and Renewal Energy Authority (NREA) for the exploitation of the earth’s natural underground temperature for the production of renewable energy.

GANOPE Chairman, Abu Bakr Ibrahim, told Egypt Oil & Gas that his company is preparing to announce the results of a seismic, magnetic, and aerial survey conducted by GDF Suez in its concession areas.

EGPC, EGAS, and GANOPE signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) to finance a number of energy projects that the state is in need of, reported Egypt Oil & Gas.

The Egyptian Petrochemicals Holding Company (ECHEM) in the process of setting up a project to convert natural gas to olefins, and polyolefins GTP, reported Egypt Oil & Gas.

The Ministry of Petroleum and Mineral Resources has signed a protocol with the Ministry of Water Resources and Irrigation to cooperate on drilling 500 wells in the area of West Minya, to access underground water for irrigation, Ahmed Anwar, Chairman of Sino Tharwa, told Egypt Oil and Gas.

Ahmed Anwar, Chairman of Sino Tharwa, has informed Egypt Oil & Gas that the company has tendered for and won an international bid round in Algeria.

An official source with GUPCO told Egypt Oil & Gas that the company had completed the restoration of the J-15 marine production platform in the July field, Gulf of Suez.

Egypt Oil & Gas was able to obtain maps, and financial details regarding the Zohr discovery.