Egypt started construction of a gas pipeline in the Western Desert with an expected capacity of 15 million cubic feet of gas per day, the petroleum ministry said on Saturday, citing the head of the General Petroleum Corporation (GPC).
The company’s current production is about 74,000 barrels of oil equivalent per day, GPC’ head Nabil Abdel Sadeq said.
He reviewed the company’s ongoing projects to increase and support its production of crude oil and natural gas.
He further pointed to the measures to enhance the performance of old fields, infrastructure development and production improvements and contain the expected increase, as well as the project to establish early production facilities.
Minister of Petroleum and Mineral Resources Tarek al-Mulla, for his part, urged relevant parties to take advantage of the available resources and intensify research, exploration, development and production of oil and gas, in light of the rise in global oil prices.
His remarks were made during an inspection tour in the Gulf of Suez and Ras Gharib regions in the Red Sea.
According to a press statement on Saturday, Mulla stressed the importance of continuing to support oil production companies to increase production from existing fields, making new discoveries, working to reduce production costs and expanding the use of modern technologies and techniques in the fields of research, exploration, development and productivity of wells.
This would lead to improving the efficiency of the production process, optimizing the available production facilities, working on developing infrastructure, including pipelines and storage warehouses, and fully cooperating and coordinating with regional companies operating in this field, he noted.