عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Egypt Announces New Oil Discovery in Gulf of Suez 

Container ships cross under Suez Canal Bridge which is known as the "Peace Bridge" normally following a Suez Canal tugboat sinking yesterday after colliding with a Hong Kong-flagged LPG tanker in the waterway of the Suez Canal, Egypt, August 6, 2023. (Suez Canal Authority/Handout via Reuters)
Container ships cross under Suez Canal Bridge which is known as the "Peace Bridge" normally following a Suez Canal tugboat sinking yesterday after colliding with a Hong Kong-flagged LPG tanker in the waterway of the Suez Canal, Egypt, August 6, 2023. (Suez Canal Authority/Handout via Reuters)
TT
TT

Egypt Announces New Oil Discovery in Gulf of Suez 

Container ships cross under Suez Canal Bridge which is known as the "Peace Bridge" normally following a Suez Canal tugboat sinking yesterday after colliding with a Hong Kong-flagged LPG tanker in the waterway of the Suez Canal, Egypt, August 6, 2023. (Suez Canal Authority/Handout via Reuters)
Container ships cross under Suez Canal Bridge which is known as the "Peace Bridge" normally following a Suez Canal tugboat sinking yesterday after colliding with a Hong Kong-flagged LPG tanker in the waterway of the Suez Canal, Egypt, August 6, 2023. (Suez Canal Authority/Handout via Reuters)

Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.

The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day, the ministry said.

The well is the fourth to be completed and another three wells could be drilled as part of the current phase of exploration, the ministry said.

Total output from the field, located in North Geisum, has reached about 23,000 barrels per day, the ministry added.

Most Viewed

 
 
Business

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow
TT
TT

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

The Saudi General Authority of Civil Aviation (GACA) will take part in the seventh edition of the Bahrain International Airshow, which will be held from November 13 to 15 at Sakhir Airbase.

The event will showcase the achievements of the Saudi aviation sector, highlight significant investment opportunities available, reinforce the Kingdom's leadership in the global aviation arena, and explore avenues for collaboration to develop a more prosperous aviation sector.
GACA Spokesperson Ibtisam Al-Shehri said that at the airshow, the authority will present its initiatives to develop regulations that promote growth and innovation in the Kingdom's aviation sector, and highlight the achievements of the National Aviation Strategy, which aims to secure $100 billion in investments, boost passenger traffic to 330 million and link the Kingdom to 250 international destinations by 2030.
She added that GACA will also introduce the Civil Aviation Environmental Sustainability Program, and emphasize its expertise in enhancing passenger experience and streamlining operational procedures, all in accordance with the latest international standards.
The Bahrain International Airshow will feature 11 sponsoring companies, 223 civil and military delegations from 56 countries, and more than 135 local, regional, and global companies.