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☆ Egypt's new gas discovery will need more than $1.5 billion in investment
  + stars: | 2023-09-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEgypt will need $1.5 billion in investments to develop new gas well discoveries, says ministerEgyptian Petroleum Minister Tarek El Molla discusses exploration and development plans to keep the country's oil and gas production at an "acceptable level," and talks about the investments needed for the discovery of new gas wells.
Persons: Tarek El Molla Organizations: Egyptian Petroleum
☆ Egypt discovers large gas field in Mediterranean, minister says
  + stars: | 2022-12-18 | by ( ) www.reuters.com   time to read: +1 min
Companies Chevron Corp FollowEni SpA FollowCAIRO, Dec 15 (Reuters) - Egypt has discovered a large gas field in the Nargis block in the eastern Mediterranean, Petroleum Minister Tarek El Molla said on Thursday. Nargis is one of four offshore exploration blocks in which Chevron (CVX.N) holds operating interests in Egypt along with Tharwa Petroleum Co, according to Chevron's website. The Middle East Economic Survey reported this month that the size of the new well was 3.5 trillion cubic feet of gas. The find could provide a boost to Egypt's efforts to position itself as an energy hub in the eastern Mediterranean following the 2015 announcement of the discovery by Eni (ENI.MI) of the giant Zohr gas field. Reporting by Nashaat Hamdy; writing by Moaz Abd-Alaziz; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
☆ Energy has always been and will always be the engine for any development of any economy, says Egyptian petroleum minister
  + stars: | 2022-10-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy has always been and will always be the engine for any development of any economy, says Egyptian petroleum ministerEgyptian Petroleum Minister Tarek El Molla tells CNBC "we cannot deny that energy has always been and will always be the engine for any development of any economy."
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