The development of Eni’s super-giant gas field Zohr is 80% complete, CEO Claudio Descalzi said in a meeting with Prime Minister Sherif Ismail. Descalzi says the speed at which Zohr is being developed is a record in the oil industry and that the potential of the gas produced from there is set to “satisfy almost all of the total domestic gas demand for the coming decades [and] also allow Egypt to return to being a net energy exporter.” Descalzi had confirmed in news we covered yesterday that first gas from the field is still set to be reached before year-end.
More from Enterprise
Your points are currency, treat them like one
Most people treat credit card points like a pleasant surprise:…
How should young people think about money and budgeting?
Your income and your time are your biggest assets in…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
The apps reshaping how we manage money
Today, users can invest in stocks, gold, or money market…