Egypt’s Minister of Petroleum and Mineral Sources Tarek El Molla mentioned Monday his nation targets rising the each day manufacturing of crude oil.
“New geological phenomena which have already proved profitable are being chosen,” Molla famous, including that new geological buildings which have by no means been thought of are being examined, together with Faghur Basin and Geisum within the Western Desert and the Gulf of Suez.
The Minister identified in a press assertion, of which Asharq al-Awsat has obtained a replica, that the newly-announced crude oil discoveries will open new horizons for additional discoveries by way of concentrating on a surge in crude oil manufacturing just like the current enhance in pure gasoline manufacturing.
The petroleum sector goals at encouraging world corporations to pump new investments within the fields of analysis and exploration, he mentioned.
It has succeeded over the previous interval in sustaining the crude oil manufacturing charges and going through the phenomenon of pure decline of wells and outdated fields.
Molla defined that this success was because of the implementation of…