24 Hrs
Source:
CNN Arabic
Egypt uncovers new gas field in Western Desert
Egypt has announced a new gas discovery in the Western Desert through the Agiba Petroleum Company in collaboration with Italian company Eni. The estimated reserves are approximately 330 billion cubic feet of gas, along with 10 million barrels of condensates and oil. This discovery bolsters the country's reserves and reduces dependence on imports. The find is located near existing infrastructure, which facilitates a quick restart of production activities and helps lower costs. It comes as part of Egypt's strategy to expand exploration activities in the energy sector and increase domestic natural gas production.
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