The supergiant Zohr gas field is now pumping out 1.6 bcf/d and is expected to reach 2 bcf/d by September, Eni said in a release (pdf). The company also said it raised EUR 50 mn “as an advance on future gas supplies to Egyptian state-owned partners to finance Zohr.” This came as the Italian oil producer reported EUR 1.25 bn in net profits for 2Q2018, up from EUR 18 mn in the same period last year, thanks mainly to higher global crude prices.

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