• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 7 hours IMO 2020 could create fierce competition for scarce water resources
  • 7 hours IMO2020 To scrub or not to scrub
  • 2 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 3 hours Theresa May to Step Down
  • 10 hours India After Elections: Economy And Hindu Are The First Modi’s Challenges
  • 14 mins Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 6 hours Devastating Sanctions: Iran and Venezuela hurting
  • 9 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 227 days Epic Fail as Solar Crashes and Wind Refuses to Blow
  • 8 hours Apple Boycott in China
  • 2 hours Total nonsense in climate debate
  • 4 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 6 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
Alt Text

LNG Shippers Gear Up For Hurricane Season

Hurricane season could disrupt the…

Alt Text

Turkey Steps Up Fight For Gas in Eastern Mediterranean

Turkey exploration drilling for natural…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Trending Discussions

Egypt’s Giant Zohr Gas Field Boosts Production Six-fold

The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister Tarek el-Molla said on Thursday.

Production at Zohr in the Mediterranean has increased to 2 billion cubic feet per day (bcfd) from 350 million bcfd when it began commercial production in January 2018, Egyptian economic news outlet Amwal Al Ghad quoted the minister as saying.

Italy’s oil and gas major Eni—which discovered the field in 2015 when it said that it was the largest ever gas discovery in the Mediterranean—said last week that the Zohr field production of 2 bcfd is equivalent to approximately 365,000 barrels of oil equivalent per day (boed). Eni and its partners aim to reach plateau production in excess of 2.7 bcfd in 2019, the Italian company says.

Following the start-up of the giant Zohr field, Egypt became an important player in the Mediterranean. Zohr plays a key role in helping Egypt to avoid the need to import liquefied natural gas (LNG), according to the Italian energy major.

In June, Egypt issued what is likely to be its last LNG import tender, and could begin exports early in 2019, Petroleum Minister El-Molla told Bloomberg at the time. The June tender was for Egypt’s third-quarter gas needs, and it might not need to import LNG for the fourth quarter and onwards, the minister said.

Egypt has received the backing of the World Bank in its efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country.

Meanwhile, Eni, the Zohr operator and largest gas producer in Egypt, said at the end of last month that it had made an onshore gas discovery in Egypt’s Western Desert that could raise production in the Western Desert Basin.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News