By MnM  |  08-10-2017   News
Photo credit: Hugoht | Dreamstime.com

Egypt, The land that always made the whole world wonder. It's great history was worth carving on the walls its temples and monuments. The country that seemed to be targeted and attacked by many enemies in the past and survived them all. Its riches seems to be endless in terms of everything and lately, Egypt puts hands on The biggest gas field discovery in the Midetreanean. It seems now it's Egypt time to rise among the richest oil countries in the world.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Do you know that <a href="https://twitter.com/hashtag/Zohr?src=hash">#Zohr</a> offshore field in Egypt is the largest natural gas discovery in the Mediterranean in the last decade? <a href="https://t.co/Mjgyyb00r2">pic.twitter.com/Mjgyyb00r2</a></p>&mdash; Engine (@enginecareers) <a href="https://twitter.com/enginecareers/status/889478308274073600">July 24, 2017</a></blockquote>

<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

On January 20, a new oil discovery was announced in the West Malihah area, some 300 km west of Alexandria, at a depth of 4175, with a production capacity of 2100 barrels per day. On February 27, the Ministry of Petroleum announced the discovery of a new oil field in Upper Egypt with reserves estimated at 9.6 Million barrels of light crude oil, a field known as the "king".

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">With the expected depletion of natural gas reserves, <a href="https://twitter.com/hashtag/Egypt?src=hash">#Egypt</a> is an investor&#39;s dream when it comes to sustainable <a href="https://twitter.com/hashtag/energy?src=hash">#energy</a> resources. <a href="https://t.co/Nm84STsece">pic.twitter.com/Nm84STsece</a></p>&mdash; Ministry of IIC 🇪🇬 (@MIICEgypt) <a href="https://twitter.com/MIICEgypt/status/894266129769746434">August 6, 2017</a></blockquote>

<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

on July 20, the Ministry of Petroleum announced the discovery of another gas field with reserves of 15 billion cubic meters of gas and condensates in the delta in Egypt, and will be put the new disclosure on the map of production within two months, all these discoveries confirm that Egypt will be An important figure in the list of oil and energy exporting countries.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Egypt expected to become a hotspot for trading oil and gas, given reforms and investments worth nearly $8.3 billion.<a href="https://t.co/q8MD4rvRra">https://t.co/q8MD4rvRra</a> <a href="https://t.co/FDXEtbRq6p">pic.twitter.com/FDXEtbRq6p</a></p>&mdash; CairoScene.com (@CairoScene) <a href="https://twitter.com/CairoScene/status/887673400730288128">July 19, 2017</a></blockquote>

<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

After the discovery of the largest gas field in history lies within the territorial waters deep, a field, "Sunrise", which was announced on Sunday .. Does Egypt enter the list of oil rich countries? And does this field, as the head of Italy's Eni, the discovery company, achieve a real and radical transformation of energy in Egypt and the world?

Egyptian experts confirmed that this huge disclosure confirms the previous forecasts and studies revealed that Egypt's territorial waters swim over huge fields of natural gas can achieve Egypt's self-sufficiency of energy, and allows them to export surplus, not in the form of raw gas But in the form of a final product full of gas is one of its components, such as petrochemicals, fertilizers and their derivatives and others.

An official source at the Egyptian Ministry of Petroleum confirmed that the gas field is the largest gas discovery achieved in Egypt so far, and the first reserve of 30 trillion cubic feet, adding that its reserves meet the needs of Egypt for 10 years according to current consumption rate.

The production of this field should be directed to the new development projects in Egypt, which will require large quantities of energy, such as projects for the development of the new Suez Canal, petrochemical projects, fertilizers, electricity generation and construction materials, and thus the export of surplus products and value added.In the next three years, thanks to the new gas field and also the fields that were contracted with British Gas in the Western Mediterranean earlier this year, which will provide 1.5 billion cubic feet of gas in 2017, Egypt will be able to partially stop the import of gas and the operation of power plants As well as energy-intensive factories such as cement, ceramics and factories that rely on natural gas as raw material.

Yes, Egypt will enter the list of oil rich countries, but with the need to benefit from the Saudi experience in the reuse of gas and oil in other industries to achieve the added value of the economy, and provide more financial revenues from the export of gas alone as raw material and then imported as a final product at double the prices of exports.Said the former president of the National Research Center, that the delta region in and around Egypt floating on gas fields and huge oil enough for the needs of Egypt and export abroad in huge quantities for a period of many decades.

Many thought Egypt is coming to an end after the revolution of 2011 and after all the economic crisis it went through, But this rough land has proven them all wrong. No country dies or come to an end when it lives in the hearts of its people. The mother of all civilizations embraced every challenge and proved it self-glorious as always. The heroic nationalism Egyptians have is like a flame in their hearts, It drives them to work day and night, to invent, to discover, to build, to plant, and to fascinate the world to hold their country up high among the stars.

Source:

http://www.youm7.com/story/2017/8/4/

Share this article
On The Goldwater you can comment anonymously, meaning you can post freely without being tracked or monitored. Your Identity is hidden from others.
0 Comment/s


What do you think about this article?
Name
Email
Subject
Comment *
File
10-31-2017   News 9 Comment/s

North Korean Nuclear Test Killed 200

10-30-2017   News 6 Comment/s

Chihuahua Ate Owner to Survive