448 discovered.. Pushing the wheel of investment in the search for petroleum and making new discoveries

The petroleum sector succeeded in driving investment in the search for petroleum and gas and making new discoveries, and implementing a number of important projects which in turn led to a major boom in the field of petroleum exploration and exploitation in Egypt and in light of the state's keenness to expand the area of exploration in Egypt.

The efforts of research, exploration and production contributed to the increase in production rates from the petroleum wealth, a turbulent increase, as Egypt's production of natural gas rose to reach the production capacity of the gas sector to about 7 billion cubic feet per day; which made it possible for the country to achieve self-sufficiency in gas and resumption of exports.

 Increasing the value of natural gas exports

In addition to meeting the needs of the local market with 652 million tons of petroleum and gas products, 285 million tons of petroleum products, 367 million tons of natural gas).

An increase in the value of natural and liquefied gas exports in 2022, by a 154% increase compared to 2021, to reach $9.9 billion in 2022 versus $3.9 billion in 2021, due to the restart of the gas liquefaction plant in Damietta and the resumption of export of liquefied gas from it after an 8-year hiatus.

 Launch of the portal for marketing and promotion

The portal was launched for the marketing and promotion of the research and exploration areas globally, and provides the digital infrastructure and advanced electronic applications to maintain the geological and geophysical data, the project data and the facilities available in the research and exploration and development areas and the bidding areas through a national information bank to contribute to encouraging and attracting new investments and the promotion of the research and exploration areas.

Signing 120 agreements, the number of petroleum agreements issued by laws with a minimum investment of 22.3 billion dollars to drill a minimum number of wells reached 452 wells during the period (July) 2014 - June (2023).

Exploration of 448 discoveries added reserves of 511.2 million barrels of oil and condensates in addition to about 40.17 trillion cubic feet of gas.

Two new gas stations

On a related level, Engineer Abdul Fattah Farhat, the head of Gastec, and Major General Ihab Sirajuddin, the Secretary General of the Qaliobia Governorate, signed a contract for the construction of two new fuel stations to supply cars with natural gas and liquid fuel in the Qaliobia Governorate, in the presence of Major General Abdul Hamid Al-Hajan, the Governor of the Qaliobia Governorate.

According to a statement from the Ministry of Petroleum today, Sunday, the signing of the contracts for the construction of the two stations came within the framework of the ongoing expansion of the infrastructure of the national project to convert cars to run on natural gas, and the implementation plans for the strategy of the Ministry of Petroleum and Mineral Resources to achieve this, and the expansion of the establishment of natural gas supply stations in the various governorates.

And the two stations will be built on two pieces of land, the area of the first piece is 1248 square meters and the plan is to build a natural gas supply station on it that will serve the people coming from Qanatar al-Khiri and Menofia to Kobri Hakata and the city of Kaliob with a supply card of about 500 cars with natural gas per day, according to the statement.

While the area of the second piece of land is 3384 square meters, and there is a plan to build an integrated station on it to supply cars with natural gas to serve those coming from Shabra Al-Khaimah and those coming from the Misr Alexandria Agricultural Road to the Nile Corniche with a supply card of about 700 cars a day, and this station also provides all kinds of liquid fuel products the various ones, as well as the other services provided to citizens, according to the ministry.