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Egypt Ramps Up Oil, Gas Production Amid Increase in Oil Prices

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Alamein , Matru- , Egypt , Qarun , Al-fayyum , Egyptian , Tarek-el-molla , Saeed-abdel-moneim , Ibrahim-masoud , Ashraf-abdel-gawad , Qarun-petroleum-company , Khalda-petroleum

Egypt rolls out $1 billion for oil exploration in Western Desert


Egypt rolls out $1 billion for oil exploration in Western Desert
Egyptian companies are planning more than $1 billion in investments in the oil and natural gas sector in the Western Desert region.
One of the reasons why Egypt has not developed all the oil fields it could in its Western Desert is that land has to be cleared of mines left over from World War I and World II. Here, British tanks move up to the battle of El Alamein in the fall of 1942 to engage German armor after the infantry had cleared gaps in the German minefield. - UK Government

Suez-canal , As-suways , Egypt , Qarun , Al-fayyum , Western-desert , Matru , Ministry-of-petroleum , Al-qahirah , Egyptian , Tarek-el-mulla , Abdel-khaleq-faruq

Egypt rolls out $1 billion for oil exploration in Western Sahara

Egypt rolls out $1 billion for oil exploration in Western Sahara
al-monitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from al-monitor.com Daily Mail and Mail on Sunday newspapers.

Western-sahara , Suez-canal , As-suways , Egypt , Qarun , Al-fayyum , Western-desert , Matru , Ministry-of-petroleum , Al-qahirah , Egyptian , Tarek-el-mulla

04 | mai | 2021

04 | mai | 2021
lecourrier-dalgerie.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lecourrier-dalgerie.com Daily Mail and Mail on Sunday newspapers.

El-hachemi , Marrakech-tensift-al-haouz , Morocco , Western-sahara , Egypt , United-kingdom , Algeria , Qarun , Al-fayyum , Algiers , Alger , France

Egyptian oil explorers to invest $1bn in Western Sahara


RIYADH: Egypt’s Khalda Petroleum Co. and Qarun Petroleum Co. intend to invest more than $1 billion in oil exploration in the Western Desert, Al Arabiya reported.
Khalda Petroleum plans to spend about $830 million during the fiscal year 2021/2022 drilling 35 exploration wells and 52 development wells as it seeks to achieve average daily production of about 130,000 barrels of crude oil and condensates, and 630 million cubic feet of natural gas in its concession areas in Western Sahara, Chairman Saeed Abdel Moneim said.
Qarun Petroleum will invest about $252 million in the area on 24 development wells and 5 exploration wells over the same period, the company’s President Ashraf Abdel-Gawad said. The investment will help boost annual production to about 9 million barrels of crude oil, he said.

Western-sahara , Riyadh , Ar-riya , Saudi-arabia , Al-arabiya , Saeed-abdel-moneim , Ashraf-abdel-gawad , Tariq-al-mulla , Khalda-petroleum , Egypt-khalda-petroleum-co , Qarun-petroleum , Qarun-petroleum-co