{"id":639272,"date":"2017-10-25T04:17:43","date_gmt":"2017-10-25T04:17:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/25\/usd-27-3-bn-to-be-invested-in-gas-fields-usd-15-5-bn-worth-of-exploration-agreements-to-be-signed-next-year\/"},"modified":"2017-10-25T04:17:43","modified_gmt":"2017-10-25T04:17:43","slug":"usd-27-3-bn-to-be-invested-in-gas-fields-usd-15-5-bn-worth-of-exploration-agreements-to-be-signed-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/25\/usd-27-3-bn-to-be-invested-in-gas-fields-usd-15-5-bn-worth-of-exploration-agreements-to-be-signed-next-year\/","title":{"rendered":"USD 27.3 bn to be invested in gas fields, USD 15.5 bn worth of exploration agreements to be signed next year"},"content":{"rendered":"

USD 27.3 bn to be invested in gas fields next year:<\/strong> Some 230 new wells will be drilled at a cost of USD 2 bn in 2018, while approximately USD 27.3 bn will be invested in the Zohr, North Alexandria, and Nooros fields, Oil Minister Tarek El Molla said yesterday, Al Shorouk reports<\/a>. El Molla also forecasts signing 83 new exploration agreements worth a total of USD 15.5 bn, in addition to USD 3.8 bn worth of new petroleum refining projects. Natural gas projects are expected to increase 50% in 2018, with that rate accelerating to 100% by 2020, El Molla said. The minister also announced that the second edition of the Egypt Petroleum Show<\/strong> will kick off on 12 February 2018 to showcase short- and long-term plans in the oil and gas sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

USD 27.3 bn to be invested in gas fields next year: Some 230 new wells will be drilled at a cost of USD 2 bn in 2018, while approximately USD 27.3 bn will be invested in the Zohr, North Alexandria, and Nooros fields, Oil Minister Tarek El Molla said yesterday, Al Shorouk reports. El Molla […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639272","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"90f57d8c-f218-4551-9ef0-44c06df8585a","order":"0","is_powered_by":true,"section_story_id":"799248b1-2ce7-43b9-b728-ad65be18f447","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639261],"teaser":"","voice_url":""},"yoast_head":"\nUSD 27.3 bn to be invested in gas fields, USD 15.5 bn worth of exploration agreements to be signed next year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/25\/usd-27-3-bn-to-be-invested-in-gas-fields-usd-15-5-bn-worth-of-exploration-agreements-to-be-signed-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 27.3 bn to be invested in gas fields, USD 15.5 bn worth of exploration agreements to be signed next year\" \/>\n<meta property=\"og:description\" content=\"USD 27.3 bn to be invested in gas fields next year: Some 230 new wells will be drilled at a cost of USD 2 bn in 2018, while approximately USD 27.3 bn will be invested in the Zohr, North Alexandria, and Nooros fields, Oil Minister Tarek El Molla said yesterday, Al Shorouk reports. 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Four projects have already been implemented with USD 309 mn in investments, El Molla said, adding that the ministry is also looking to develop\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549439,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/egypt-wants-usd-7-7-8-bn-oil-gas-fdi-this-fiscal-year\/","url_meta":{"origin":639272,"position":2},"title":"Egypt wants USD 7.7-8 bn oil + gas FDI this fiscal year","author":"enterpriseam admin","date":"18 September 2022","format":false,"excerpt":"Egypt wants to attract USD 7.7-8 bn in foreign investment into the oil and gas sector in the current fiscal year, Oil Minister Tarek El Molla told Bloomberg Asharq. This would raise the proportion of foreign investment in the sector to 40% from 35%, the minister said. 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We learned that the gold exploration tender results will be out within a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632578,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/fdi-in-oil-and-gas-sector-has-hit-usd-10-bn-so-far-this-fiscal-year-el-molla-sounding-the-right-note-on-payments-to-iocs-but-what-about-mid-sized-players\/","url_meta":{"origin":639272,"position":4},"title":"FDI in oil and gas sector has hit USD 10 bn so far this fiscal year; El Molla sounding the right note on payments to IOCs, but what about mid-sized players?","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"FDI in oil and gas sector up to USD 10 bn this year: Investment by international oil companies reached USD 10 bn so far in FY2017-18, Oil Minister Tarek El Molla said in an interview with Al Borsa. 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