Egypt's Sisi inaugurates Zohr gas field

2018-02-01 11:35


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cairo - Egyptian President Abdel Fattah al-Sisi on Wednesday inaugurated the offshore Zohr gas field, aimed at making the Arab world's most populous country self-sufficient in natural gas by the end of 2018.

"We are now entering into the self-sufficiency stage... and, God willing, by the end of the year we will have reached self-sufficiency," Petroleum Minister Tarek al-Molla said at a ceremony broadcast live on state television.

In December, the oil ministry said it was starting production from the field discovered in 2015 by Italian energy giant Eni at an initial 10 million cubic metres a day.

Molla said Egypt expects it "will be able to stop importing liquefied natural gas... and therefore save what we import which is $230m per month, or $2.8bn annually".

The field, which is about 200 kilometres from the shore west of the canal city of Port Said, has a full output capacity of 2.7 billion cubic feet per day.

The Egyptian government is trying to roll back the economic impact of the 2011 uprising that toppled longtime ruler Hosni Mubarak and led to years of turmoil.

The inauguration comes after strains in the traditionally close relationship between Cairo and Rome over the 2016 murder of 28-year-old Italian student Giulio Regeni in Egypt.

KEEP UPDATED on the latest news from around the continent by subscribing to our FREE newsletter, Hello Africa.

FOLLOW News24 Africa on Twitter and Facebook.

The body of the Cambridge University PhD researcher was discovered by a roadside bearing signs of torture after he went missing in the Egyptian capital.

The slow pace of the investigation prompted Italy to withdraw its ambassador from Cairo for more than a year.

A new ambassador was put in place in September 2017.

"We will not forget Regeni," Sisi said at the ceremony attended by Eni boss Claudio Descalzi.

"We offer our condolences to Regeni's family and we won't forget this incident until we find the perpetrators and bring them to justice in Egypt."

Egyptian authorities initially suggested Regeni died in a traffic accident, but later said he was killed by a criminal gang that was subsequently wiped out in a shootout with police.

That account was met with suspicion in Italy, where politicians and the media have suggested Regeni was slain by elements in Egypt's security services.

Read more on:    abdel fattah al sisi  |  egypt  |  north africa

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts

Jobs in Cape Town [change area]

Jobs in Western Cape region

Reporting Accountant

Cape Town
Network Finance Professional / Prudential
R310 000.00 - R360 000.00 Per Year

SQL Reporter

Cape Town
Communicate Cape Town IT
R10 000.00 - R12 000.00 Per Month

Cluster Financial Manager

Cape Town
Network Finance
R950 000.00 - R1 000 000.00 Per Year

Property [change area]

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.