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Cairo, July 10 (WAM) – Petroleum Minister Tariq al-Mulla said the oil sector in his country has achieved the results of
work in progress in 2017.
He said that the most important and most important of these results is the success of the Egyptian oil sector in the development of 4
major projects for the development of gas deposits discovered in the Mediterranean on the production of the map 19459009. Continue to implement the development programs of these fields to gradually add new quantities of natural gas
successively to Egyptian production throughout the year until
the first half of next year.
He explained that what the Ministry of Oil has done to reduce the acquired rights of foreign partners to the lowest level since 2010 is a positive message
for investors, highlighting the launching of seismic projects in areas Maritime
The Mediterranean and the Gulf of Suez, in order to attract international companies
investment in these regions to conduct research and research on oil wealth
.
He added that several successful projects have been completed in the field of infrastructure development
for the transport, storage and storage of petroleum products in Upper Egypt and Badr
and in the port of Sumid in Ain Sokhna. The establishment of an independent regulatory body as a step on the path of liberalization of the gas market
gradually.
WAM / QAR / Abdel-Nasser Menem
