Rosneft Looks to Invest $2B at Zohr
Rosneft plans to invest more than $2 billion in the Zohr natural gas field.
Rosneft plans to invest more than $2 billion in the Zohr natural gas field.
Egypt will cease importing liquefied natural gas (LNG) before the end of 2018, the Minister of Petroleum and Mineral Resources, Tarek El Molla, stated.
The Bonatti Group won a contract for electrical and developmental work at the Zohr natural gas field.
The first phase of development at the Zohr gas field is in its final stages.
The Zohr, North Alexandria, and Nooros natural gas fields will receive investments worth $27.3 billion in 2018.
Rosneft is considering the purchase of an additional 5% stake in the Zohr gas field.
The first phase of development at the Zohr gas field is 91% complete.
Production from the Zohr gas field remains on track to begin in December.
The Zohr gas field will produce 500 million standard cubic feet per day (mscf/d) before the end of 2017.
DuPont Clean Technologies and Kinetics Technology signed a contract to deliver gas-scrubbing equipment for Egypt’s Zohr gas field.