• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 6 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 6 days Wind droughts
  • 14 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 3 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 9 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days Xi Is Set To Be Re-Elected As China’s Leader
  • 7 days Oil Prices Fall After Fed Raises Rates
  • 9 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 12 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
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

Premium Content

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





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News