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Egypt: We wish to increase our production to re-export of Iraqi oil level

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Rocky


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Egypt: We wish to increase our production to re-export of Iraqi oil level



November 17, 2015


Wished Egyptian Oil Minister Tariq Al-Mulla, to allow increased energy production locally in the coming years to Egypt to re-export of Iraqi oil to transform into a center for the export of energy.

Mulla said: "The increase in energy production locally in the coming years could allow Egypt to re-export of Iraqi oil within a broader plan to transform Egypt into a center for the export of energy."
Al Mulla said, that "is expected to begin production of the giant afternoon field, which was discovered by Italian oil company Eni in Mediterranean by the end of 2017, "adding that it" will begin production at a rate of 700 million to one billion cubic feet per day increase to 2.7 billion cubic feet per day in 2019 ".

And between the Egyptian Minister of Petroleum, "We hope during the period from 2020 to 2022 that we have the ability and self-sufficient and less import to Egypt become a regional energy hub," adding that "if Egypt is no longer in need of the Iraqi energy to cover domestic consumption Fbamkanha Iraqi oil pumping through pipes SUMED to the Mediterranean line for re-export after that.
"comes Mullah's remarks after Egypt signed an agreement with Jordan and Iraq to allow the flow of natural gas and oil of Iraq through Jordan to Egypt to re-export it seems European markets.
It will allow the agreement was signed, two days ago, to Egypt the import of crude and gas Iraqis across Jordan to Ain Sokhna port before being transferred to Egyptian refineries.
It is expected to begin production of the franchise for BP in the North Alexandria early 2017 that are supposed to 1.2 billion cubic feet adds of gas per day by 2019.
After that Egypt was one day countries a source of energy has become a net importer in recent years amid falling production and increased consumption, it is assumed that a large number of new agreements lead to the strengthening of production and allows the country to stop imports by 2020, according to what was said by the Ministry of Petroleum earlier .

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