The Arab Republic of Egypt Has Announced the Discovery of Three New Oil and Natural Gas Fields
The authorities of the Arab Republic of Egypt have announced the discovery of three new hydrocarbon fields—including both oil and natural gas reserves—located onshore and offshore. The discoveries were made by the national oil and gas companies Khalda Petroleum Company, Petrobel, and GUPCO (Gulf of Suez Petroleum Company). It is …
Egypt Is Going to Increase Production of Hydrocarbons from 2025
In order to increase hydrocarbon production, Egypt is forced to pay contributions to foreign oil companies to meet its gas needs. Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouli said. The government announced in March …
New Oil Field Discovered in the Gulf of Suez
A new oil field has been discovered in the Gulf of Suez, the Egyptian Ministry of Petroleum and Natural Resources said in a statement. “Cheiron has announced the discovery of a new field in the western Geisum Tahuila concession area in the Gulf of Suez,” the ministry said in a …