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The Ministry of Petroleum and Mineral Resources announced that Zohr gas field achieved a record during the 2021-22 fiscal year since the start of production in 2018. Current production from Zohr gas field hiked to 2.7 billion cubic meters per day.
The ministry clarified in a statement that the volume of investments in the gas field hit US$741 million during the relevant year. Investments have exceeded US$12 billion since the beginning of work in the field.
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Egypt’s Minister of Petroleum and Mineral Resources Tarek el Molla said during the General Assembly to approve activities of Petro Shorouk Company and Belayim Petroleum Company (Petrobel) for FY 2021-11 that there are good opportunities in search and explorations in land and sea sites in order to up petroleum and oil reserves and production.
