Production

Egypt to start production at Zohr gas field in 2017

Tuesday, 03 November 2015 16:09

Egypt is to begin natural gas production from its offshore Zohr field in 2017, ahead of schedule, according to oil minister Tarek El Molla.

The Zohr gas find, is the biggest in the Mediterranean and officials had previously announced that production was to start in 2018. With an estimated 30 tcf of gas, the field is expected to stop the country’s heightened energy shortages and also save it billions of dollars that would otherwise be spent on imports.

We are looking to expedite the agreement with the partner and speed up production. Hopefully we will begin production from the discovery in 2017,” El Molla told Energy-pedia in an interview at the Reuters Middle East Investment Summit.

Meanwhile, Eni has said it plans to invest between $6 billion and $10 billion to develop the Zohr field.

Due to the declining oil and gas production and increasing consumption, Egypt that was once an energy exporter, has turned into a net importer. It is however trying to speed up production at recent discoveries to fill its energy gap as soon as possible.

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.