high grade oil production line in egypt

                                               
                                               
                                               
                                               
                                               
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  • Who owns oil & gas in Egypt?
  • In September 2021, the company together with consortium partner Cheiron, acquired a portfolio of upstream oil and gas production, development and exploration interests in the Western Desert, onshore Egypt. The producing fields are split over four distinct areas, each with different characteristics and geographies:
  • How do oil and gas companies participate in hydrocarbon production in Egypt?
  • In Egypt, international oil and gas companies (IOCs) can participate in hydrocarbon production via production sharing agreements (PSAs), which stipulate that IOCs pay all expenses, partially to be recovered afterwards. IOCs sign PSAs with national oil and gas companies (NOCs). There are three NOCs in Egypt:
  • What is the most important oil pipeline in Egypt?
  • The most important oil pipeline is SUMED the 2.4 million bbls/d running from Ain Sukhna marine terminal at the Gulf of Suez to the Sidi Kerir terminal at the Mediterranean via the Dahshour pumping station outside Cairo. The line, owned 50% by EGPC, carries crude from Egypt, Saudi Arabia and Iran. There are two gas export pipelines.
  • Is Egypt an oil importer?
  • Current levels of oil production in Egypt are not sufficient to cover domestic consumption, which averaged 760,000 bpd in 2018, and therefore the country has been an oil importer since 2006. However, oil exploration activity has increased in the years following the country¡¯s return to political stability in 2013.
  • When did oil production peak in Egypt?
  • Oil output reached its historical peak in 1993. On that year, the average production was 912,000 bbls/d, about three times more compared to 1975. Gas production also experienced considerable growth throughout the four decades after Eni discovered Egypt¡¯s first gas field, Abu Madi, in the Nile Delta in 1967.
  • Where is the largest oil refinery in Egypt?
  • The first of them, the Suez refinery, was set up in 1913 by the Anglo Egyptian Oilfields company. The largest refinery is 145,000 bbls/d Mostorod 40 km north of Cairo, built in 1973. The Egyptian Refining Company plans to build an expansion to it by 2016 to provide Egypt with additional lighter petroleum products.