Italian oil giant Eni has completed drilling the ninth well at the Zohr natural gas field at a cost of $300 million, a source at the oil and gas sector told Al Borsa. The well has an initial production capacity of 150...
Eni has estimated that it will invest $5 billion to construct a gas processing plant for Zohr natural gas field, Arab Finance reported. The plant’s capacity is set to be 3.2 billion cubic feet per day (bcf/d) of natur...
Eni has started drilling the ninth well at the Zohr natural gas field, a source in the oil and gas sector told Al Borsa. The company has invested $300 million during the current drilling operation, the source said. En...
Egypt has boosted its natural gas output to record 6.6 billion cubic feet per day (bcf/d) upon the news that Eni had succeeded in boosting Zohr’s production to 2 bcf/d, an energy official told Reuters. Minister ...
Natural gas output from Zohr has reached 2 billion cubic feet per day (bcf/d) within the first nine months of production, Egypt Oil & Gas reports. Italian oil major Eni, which started production at the Zohr field ...
Prime Minister Mostafa Madbouly discussed Italian oil major Eni’s Egyptian investments with company CEO Claudio Descalzi on August 28, MENA reported. The meeting comes a day before Egypt hosts Italy’s depu...
Foreign direct investment (FDI) in Egypt’s oil and gas sector reached $10 billion in fiscal year (FY) 2017/18, Minister of Petroleum Tarek El Molla told Al Ahram newspaper in an interview published on August 24, Reute...
Pilot operation started at Zohr’s gas lab to analyze the natural gas, water, condensates and Sulphur produced by the field, Egypt Oil & Gas reports. The oil ministry described the lab to be “the country’s largest ...
President Abdel Fattah El-Sisi affirmed on July 29 that Egypt would achieve natural gas self-sufficiency and a surplus by June 30, 2020, Egypt Oil & Gas reports. The president’s remarks came during the closing ses...
Egypt is edging closer to repaying its debts to foreign petroleum companies after paying $1.2 billion to International Oil Companies (IOCs) operating in Egypt with plans to repay the remaining $1.2 billion owed before...