A new dawn is on the horizon for Egypt. Gas output should hit 6.5bn cfd in September, oil minister Tarek El Molla says, an all-time high that easily surpasses the previous record of 6.219bn cfd reached in December 2011.
The new gas gains come courtesy of Italian firm Eni’s Zohr gas field. Discovered in August 2015, the field was fast-tracked by Cairo as it recognized the field’s potential to enable Egypt to recapture its gas independence. It was brought online in December last year, at a rate of 350mn cfd, and output has since incrementally increased as more wells are brought online, to 1.16bn cfd currently. (CONTINUED - 824 WORDS)
