Eni to Resume Operations in Zohr GS Field in Egypt

(3 Minutes Read)

Over the past six months, 105 new oil wells have been drilled, adding 64,000 barrels per day to production, Madbouly said. These discoveries are expected to save Egypt billions of dollars in energy imports. He announced that oil companies operating in Egypt are expanding their exploration efforts, resulting in discoveries of oil wells.

Egyptian Prime Minister, Mostafa Madbouly, confirmed that Eni will resume operations in the Zohr gas field by the end of January 2025. This he revealed at a press conference.

Over the past six months, 105 new oil wells have been drilled, adding 64,000 barrels per day to production, Madbouly said. These discoveries are expected to save Egypt billions of dollars in energy imports. He announced that oil companies operating in Egypt are expanding their exploration efforts, resulting in discoveries of oil wells.

Prime Minister Madbouly outlined the Egyptian government’s recent achievements and strategic objectives. He emphasized the government’s commitment to enhancing the productivity of Egypt’s local car manufacturing industry and increasing exports to international markets.

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Madbouly noted that the inflation rate has decreased annually, and remains stable month-to-month. This stability reflects the government’s ongoing efforts to manage economic challenges and stabilize the market. To ramp up trade and logistics efficiency, the government aims to reduce customs clearance times to no more than two days.