Zohr gas field
This came during his participation in the general assembly meeting of Petro Shorouk Company.
With a $1.8 billion investment from British Petroleum (BP), the country’s gas output is expected to reach peak production in 2019.
The production increased almost four times during the second half of 2018 compared tothe result of the first half of 2018, which amounted to 3.1 bcm of gas.
President Abdel Fatah al-Sisi directed encouraging citizens to convert their cars to run with natural gas instead of petrol, Prime Minister Mostafa Madbouli said on Sunday.
The minister convened with the leaderships of companies in charge of implementing the project which was opened by President Abdel Fattah al Sisi last January.
This came during the minister’s visit to Port Said on Monday to stand on the progress of work going on at the offshore Zohr field.
The agreement was signed between the petroleum minister, Eni Company, Mubadala Investment Company, and Egyptian Natural Gas Holding Company (EGAS).
In light of the recent public interest in the deal, President Abdel Fatah al-Sisi clarified Egypt’s position and the government’s role in the deal.
President Abdel Fatah al-Sisi affirmed that he will never let anyone manipulate Egypt's security as long as he is alive.
Zohr gas field could put Egypt back on the map of net gas exporters.
The Zohr gas field is an offshore natural gas field located in the Egyptian sector of the Mediterranean Sea.
President Sisi pledged to bring Italian student Giulio Regeni’s killers to trial during the inauguration ceremony of the Zohr natural gas field on Wednesday
Egypt will not import liquified natural gas by the end of 2018, as all phases of the Zohr gas field in the Mediterranean Sea will have been finished.
Zohr field’s output will be one billion cubic feet daily in the first production phase.
Petrojet company managed to complete manufacturing the offshore platform of Zohr gas field four months before the due date.