Egypt to achieve gas self-sufficiency by 2021 – Official

By Ramy Sameh

Abu Dhabi – Mubasher: Egypt will reach self-sufficiency with natural gas by 2021, said Petroleum Minister Tarek Al-Molla on Tuesday.

Over the past two years, Egypt inked 56 oil agreements worth more than $13 billion and dug a minimum of 254 wells, according to data issued by the petroleum ministry.

“The multinational oil and gas company Eni will pump $12 billion investments in Dahr field during the first three years”, the minister told Mubasher on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

A significant number of new gas fields were discovered in Egypt earlier, including the Mediterranean’s largest field Zohr and Dahr field.

MUBASHER Contribution Time: 08-Nov-2016 07:47 (GMT)
MUBASHER Last Update Time: 08-Nov-2016 08:20 (GMT)