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بوابة الشروق
Petroleum Official: Clearing foreign debts benefits industry
I am pleased to present this topic; here is the summary: The Egyptian Ministry of Petroleum confirmed that fully settling the foreign partners’ dues in June contributed positively to an increase in oil and gas production, marking Egypt's highest production levels in two years. They also indicated a 41% increase in drilling operations during 2025-2026, with a target of drilling 513 wells in 2026-2027, which will strengthen reserves and meet domestic market needs. Additionally, oil productivity rose by 13%, and gas production increased by 700 million cubic feet, reducing reliance on imports.
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