Zohr Gas Field in Egypt is set to resume development activities. Minister of Petroleum and Mineral Resources, Karim Badawi announced the robust set of initiative which aim to revitalize the nation’s energy and mining sectors.
Zohr is a natural gas project offshore Egypt, almost two hundred kilometres north of Port Said in the Shorouk area. The field has been ranked as the largest ever discovered in the Mediterranean. Its potential is enormous, enough to meet Egypt’s energy consumption for decades and enable the country to establish itself as a major exporter of liquefied natural gas (LNG) in the Mediterranean.
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Egypt’s strategy
Speaking at the Egyptian Senate, Badawi revealed key developments, including the resumption of activities in the Zohr Gas Field and the drilling of two new development wells starting this month. These efforts underscore Egypt’s strategy to expand its energy production and enhance its infrastructure to meet domestic demand.
The project will be implemented under strategy built around six key pillars: ensuring affordable access to petroleum products for citizens, increasing production, intensifying exploration activities, maximizing infrastructure in refining and petrochemical industries, enhancing the contribution of the mineral resources sector to GDP, and restructuring the country’s energy mix to include 42% renewable energy by 2030, in collaboration with the Ministry of Electricity and Renewable Energy.
By leveraging its rich geological reserves and fostering international collaboration, Egypt aims to solidify its position as a regional leader in energy and mineral resources. The ministry’s proactive measures, coupled with policy reforms, are expected to attract substantial foreign investments and create new opportunities in the energy and mining sectors.
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