Oil Egypt accountACCOUNT King Tut

Egypt to Begin Production from Zohr Gas Field by late 2017

Source: Al Ahram Online 3/28/2017, Location: Egypt

Share |
The CEO of Rosneft, the majority state-owned Russian oil company, said on Monday that the first gas production from Egypt's super giant Zohr gas field is scheduled by the end of 2017.

Igor Sechen's statement came during a meeting with Egypt's President Abdel Fattah El-Sisi and Prime Minister Sherif Ismail on Monday evening.

Discovered in August 2015 by Italian oil company Eni, Zohr is the largest natural gas field ever found in the Mediterranean, with an estimated 850 billion cubic metres of gas.

Last December, Rosneft agreed to acquire a 30-percent share of the Shorouk concession, which contains the Zohr gas field.

Egypt’s production of natural gas is currently estimated at around 4.4 billion cubic feet per day (bcfd), and is expected to increase by 1.5 bcfd by the end of 2017, according to a statement from the petroleum ministry last month.

Egypt >>  7/5/2017 - Egypt's parliament passed a law establishing a gas regulatory authority that the government hopes will attract greater private sector participation in...
Egypt >>  7/5/2017 - Egypt has hired three investment banks to manage the sale of part of its stake in local oil company Enppi, marking a key step in the government’s plan...

Egypt >>  7/3/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received David Evans, CEO of the Greek Company Vegas Oil & Gas and the company’s Vice...
Egypt >>  6/30/2017 - Egypt recieved development funds worth $7 billion to support 79 projects in 11 sectors in 2016, the investment and international cooperation ministry ...

Egypt >>  6/29/2017 - After the Egyptian cabinet cut energy subsidies on Thursday, Prime Minister Sherif Ismail said that economic reform decisions on the part of the state...
Egypt >>  6/22/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Eng. Sami Iskander, Executive Vice President of the International group, She...

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us