Oil-based fuels power millions of automobiles, aircraft and ships around the world and are integral to modern life. But burning oil is also one of the leading sources of CO2 emissions.
What is the National Oil Company in Egypt?
The National oil company is the Egyptian General Petroleum Corporation . Egypt is estimated to hold 12,446 million barrels (1,980 million cubic metres) initial recoverable liquid reserves.
What is the role of international oil companies in Egypt?
The Government of Egypt encourages international oil companies (IOC) to participate in the oil and gas sector, and currently more than fifty IOCs are operating in Egypt. Egypt plays a vital role in international energy markets through the operations of the two Suez Canal transit points and the Suez-Mediterranean (SUMED) pipeline.
When will oil & gas exploration start in Egypt?
According to the U.S. oil and gas giant, it is set to drill the first oil and natural gas exploration well in its concession area in the Red Sea in Egypt during the first half of 2024. This follows extensive seismic surveys, geological studies, and geophysical data collection by the company earlier this year.
REQUEST A QUOTE
You can fill out the form below for your information needs, our technical and sales staff will get in touch with you.
REQUEST A QUOTE
You can fill out the form below for your information needs, our technical and sales staff will get in touch with you.