Petroleum Output from 591 Wells and 113 New Finds
The article focused on the efforts of the Egyptian Ministry of Petroleum to strengthen the oil and gas sector during the period from July 2024 to June 2026. During this time, 591 new wells were added to the production map, and 113 discoveries were made—a significant achievement aimed at supporting local production and compensating for the natural decline of fields. The report also highlighted regional cooperation with Cyprus, Greece, Italy, and Libya to develop projects that connect resources to markets, thereby enhancing energy security in the region through infrastructure upgrades, technological advancements, and ongoing investments. The minister emphasized that Egypt possesses key qualities to become a regional energy hub, leveraging its resources, developing projects, and achieving sustainable economic returns.
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