Does Egypt really have gas self-sufficiency?
Despite the frequent announcements by Egyptian Minister of Petroleum and Mineral Resources Tarek el-Mulla of achieving self-sufficiency in natural gas and halting imports, in addition to the completion of the phases of operation of Zohr field, Cairo's continued import of Israeli gas stirred confusion.
CAIRO — Egyptian Minister of Petroleum and Mineral Resources Tarek el-Mulla announced that Egypt achieved its highest rate of crude oil and gas production in August. Domestic production scored 1.9 million barrels of oil equivalent per day, while the investment rate in the sector climaxed to $30 billion.
At the inauguration speech of the 10th Mediterranean Offshore Conference and Exhibition in Alexandria — delivered on his behalf Oct. 15 by Mohamed Safan, first undersecretary of the Ministry of Petroleum for Petroleum Affairs — Mulla said Egypt achieved natural gas self-sufficiency in September.
