Gulf Oil and Gas accountACCOUNT

Recent Developments in Egypt’s Petroleum Industry

Source: www.oilegypt.com 1/13/2004, Location: Africa

The Egyptian Minister of Petroleum Eng. Sameh Fahmy explained yesterday during his meeting with the budget and planning committee in the people assembly the petroleum sector achievements during the fiscal year 2002/2003. "Last year the petroleum sector has achieved a total production of 57.2 million equivalent ton of crude, condensates and natural gas which is considered the highest annual production rate in Egypt's history" the minister said.

At the end of 2003 Egypt's petroleum reserves reached 14.7 billion equivalent barrels in addition to petroleum products close to $9 billion for covering the increase in local market consumption, which rose to 43.8 million ton in 2002/2003.

During the fiscal year 2002/2003 the petroleum sector achieved an export total of $3.4 billion of oil, gas and related products.

Due to major recent natural gas discoveries and abundant natural gas production, Egypt is developing natural gas export whether through pipelines or as a liquefied natural gas with a quantity of 13.5 million ton by the end of 2006 with a total foreign investments of $3 billion.

With a total investment of $750 million Egypt starts to implement the first phase of its 20 years petrochemical plans which involves establishing three major petrochemicals projects: Alkyl Benzene, Propylene and poly propylene projects.


Production News in Egypt >>

Congo >>  2/13/2019 - Anglo African Oil & Gas has provided details of its plan to bring the TLP-103C well at its Tilapia licence in the Republic of the Congo into productio...
Egypt >>  2/11/2019 - BP announced first gas production from the second stage of its West Nile Delta development offshore Egypt. ...

Brazil >>  2/1/2019 - Royal Dutch Shell plc, through its subsidiary Shell Brasil Petroleo Ltda. ("Shell"), has announced with consortium partners the start of production at...
Russia >>  2/1/2019 - PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its Purovsky Plant has cumulatively processed 80 million tons since the facilities start-u...

Tunisia >>  2/1/2019 - Panoro Energy ASA has provided an update on its Tunisian oil & gas assets. Material progress is being reported on the TPS assets (recently acquired fr...
Egypt >>  1/28/2019 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, provides its 2019 operational outlook and advises of its intention to delist fro...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.