Jeddah Post
Business

Zohr gas field production reaches 2.7 billion cubic meters a day in Egypt

During Fiscal Year 2021-2022, the Ministry of Petroleum and Mineral Resources announced that the Zohr gas field recorded its highest production rate since the start of production began in 2017. As of Monday, the ministry reported that current production from the Zohr gas field has risen to 2.7 billion cubic meters per day.

Zohr gas field production reaches 2.7 billion cubic meters a day in EgyptIn a statement, the ministry clarified that the amount of investments in the gas field reached $741 million in the relevant year. It added that investments in the field have exceeded $12 billion since work began. According to Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, there are good opportunities for explorations on land and at sea in order to increase oil and gas reserves.

Related posts

169 percent increase in UAE investments in Egypt in six months

Editor

During Q1 2022, UAE public spending amounted to AED87.4 billion

Editor

Obstinate Elon Musk ousts top Twitter executives

Editor